Tag Archives: Tax Cuts

Mr. Brownback’s solution to fill the current $200M budget hole

Posted on December 14, 2014 by

From NYTimes: Most of Mr. Brownback’s solution to fill the current hole comes through transferring more than $200 million from various state funds, such as one for highway projects and another for early-childhood education programs, into the state general fund. … Continue reading →

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The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States

Posted on December 11, 2013 by

From Karel Mertens and Morten Ravn: This paper presents evidence on the aggregate effects of changes in federal tax policy in the United States in the post-WWII sample. Exogenous changes in taxes are identified in a vector autoregressive model by proxying latent … Continue reading →

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Household Debt and the Dynamic Effects of Income Tax Changes

Posted on July 11, 2013 by

From James Cloyne and Paolo Surico: This paper investigates a new channel in the transmission of fiscal policy: household debt. Using a long span of expenditure survey data and a new narrative measure of exogenous income tax changes for the UK, … Continue reading →

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

Posted on February 14, 2013 by

        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

Posted on November 26, 2012 by

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

Posted on November 26, 2012 by

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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