Tag Archives: Tax Cuts

Tax Cuts for Whom? Do tax changes for high income taxpayers generate more growth than similarly sized tax changes for lower income taxpayers?

        This figure, which is from a recently revised and submitted paper of mine, shows how the multiplier varies across the income distribution. It shows that equivalently sized tax changes for lower income groups have larger macroeconomic impacts on … Continue reading

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Facts are Stubborn Things: High Income Tax Rates and Job Creation

Throughout the campaign and through the fiscal cliff discussions, Republicans have consistently espoused the idea that modestly raising top marginal rates will destroy job creation. For instance, here is Sen Lindsey Gram from ABC’s “This Week”, “[T]o avoid becoming Greece, … Continue reading

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The Middle-Class Tax Cuts’ Impact On Consumer Spending & Retailers

According to today’s NEC and CEA report, Allowing the middle-class tax rates to rise and failing to patch the Alternative Minimum Tax (AMT) could cut the growth of real consumer spending by 1.7 percentage points in 2013. Faced with these tax … Continue reading

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