Tax Policy Center

Great Recession

Federal Budget and Economy: TaxVox

Why State and Local Governments are Hurting the Recovery

Until the Great Recession, state and local governments played a remarkably constant role through down business cycles. For four decades, when the economy turned sour, state and local governments boosted their spending—mitigating the depths of recessions and adding to growth when the economy revived
April 23, 2013Benjamin H. Harris
Federal Budget and Economy: TaxVox

Taxes Don’t Always Drive the Economy--Sometimes the Economy Drives Taxes

Don’t tell my Tax Policy Center colleagues I said this, but it isn’t always about taxes. If you listened to the presidential campaign this week, you’d think the very fate of the nation rests on what happens to the 2001/2003 tax cuts. It would be hard to believe otherwise as Mitt Romney’s warns us
July 12, 2012Howard Gleckman