economic growth

: TaxVox

Eight Thoughts on Business Tax Reform

Today I had the chance to testify before the Senate Finance Committee on business tax reform. Here are my opening remarks. You can find my...

September 19, 2017Donald Marron

Federal Budget and Economy: TaxVox

Tax Reform Affects The Level Of Economic Output -- Not The Long-Run Growth Rate

President Trump and his top economic advisers often argue that a major tax reform would permanently boost the nation’s economic growth rate to 3 percent...

September 18, 2017Benjamin R. Page

: TaxVox

The 3-2-1 on economic growth: Hope for 3, plan for 2, pray it isn’t 1

How fast will the US economy grow? When mainstream forecasters consult their crystal balls, they typically see real economic growth around 2 percent annually over...

August 10, 2017Donald Marron

Individual Taxes: TaxVox

TPC’s New Podcast, Taxology, Explores The Laffer Curve

If you want to get tax economists riled up, there’s no better topic than the “Laffer Curve.” Even after decades of controversy, it underlies many...

July 27, 2017Yifan Powers

State and Local Issues: TaxVox

What the Kansas Tax Cut About-Face Means

The tax cut that Kansas Governor Sam Brownback hailed in 2012 as “a shot of adrenaline into the heart of the Kansas economy” has been...

June 14, 2017William G. Gale

State and Local Issues: TaxVox

The next recession: are the states ready?

There will be another recession. The only question is when.

November 11, 2016Norton Francis

Federal Budget and Economy: TaxVox

CBO Has No Idea What Repeal of the ACA Means for the Economy or the Deficit

This is what the Congressional Budget office really said about the budgetary and economic effects of repealing the Affordable Care Act: It has no idea. That, of course, it not what the political partisans are saying in the wake of CBO’s Friday release of a report on this exceedingly controversial

June 23, 2015Howard Gleckman

State and Local Issues: TaxVox

Can States Boost Growth By Cutting Top Individual Tax Rates?

States can generate powerful economic growth by cutting income tax rates. That, at least, is the theory behind a recent wave of tax cuts, or proposed tax cuts, around the country. Kansas has cut taxes repeatedly in recent years. So has Wisconsin. In Maine, Governor Paul LePage vows to repeal his

May 4, 2015Howard Gleckman

: Daily Deduction

States of Growth and Reform

Will cuts to a state’s top income tax rate boost growth? Not necessarily. In a new TPC paper , Bill Gale, Aaron Krupkin, and Kim Rueben find little evidence linking state-level economic growth and taxes, especially income tax policy. Neither tax revenues nor top income tax rates have a steady

May 4, 2015Renu Zaretsky

Federal Budget and Economy: TaxVox

Tax Cuts for Low- and Moderate Income Households May Be Much More Powerful Than Cuts for the Rich

It turns out that tax cuts for the job creators...don’t create very many jobs. By contrast, tax cuts for low- and moderate-income households can boost economic growth. Those are the results of an interesting new working paper by Owen Zidar for the National Bureau of Economic Research. Zidar, an

April 21, 2015Howard Gleckman