Monthly Archives: November 2012

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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Should We Increase Dividend Taxation? 3 Views

In the NYTimes this morning, Steven Rattner joined a number of others (e.g. Laura Tyson) in calling for higher dividend tax rates. There are three main views on the efficiency costs of dividend taxation: Old View: The old view (Poterba … Continue reading

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Tax Reform & the Effective vs Marginal Rate Debate: Evidence from New Research

A new tax reform idea was floated in this NYTimes article: One possible change would tax the entire salary earned by those making more than a certain level — $400,000 or so — at the top rate of 35 percent … Continue reading

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Happy Thanksgiving

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Top Economists on Ten Year Budget Plans & Long-run Fiscal Sustainability

See here for survey results

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Optimal Inflation Rates – the Costs & Benefits of Inflation

I’m giving a lecture today on inflation to prep Econ 191 students for Yuriy Gorodnichenko‘s paper (ungated) on Optimal Inflation Rates next week. I compiled a list of some costs and benefits of inflation from a few sources: an old Larry … Continue reading

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