According to figures from the Organization for Economic Development and Cooperation (OECD), the combined U.S. corporate income tax rate is second highest in the OECD, at 39.3 percent. However, U.S. corporate tax collections are among the lowest in the OECD. Is it time to reform the corporate income tax?

In this podcast, R. Glenn Hubbard, dean of the Columbia Business School and former Chairman of the President's U.S. Council of Economic Advisers discusses options for reforming the U....