Showing 1 - 10 of 10
Federal tax policy provides a broad array of incentives for energy investment. I review those policies and construct estimates of marginal effective tax rates for different energy capital investments as of 2007. Effective tax rates vary widely across investment classes. I then consider...
Persistent link: https://www.econbiz.de/10012463220
key policy goals with subsidies as opposed to using taxes to raise the price of pollution-related activities. In …
Persistent link: https://www.econbiz.de/10012463596
The U.S. Congress is considering a set of bills designed to limit the nation's greenhouse gas (GHG) emissions. This paper complements the analysis by Paltsev et al. (2007) of cap-and-trade bills and applies the MIT Emissions Prediction and Policy Analysis (EPPA) model to carry out an analysis of...
Persistent link: https://www.econbiz.de/10012464666
Tax expenditures are a major source of support for energy related activities in the federal budget exceeding direct budget support for energy by a factor of nearly six. Focusing on the policy goals of reducing greenhouse gas emissions and petroleum consumption, I find these tax expenditures...
Persistent link: https://www.econbiz.de/10012464894
The hypothesis that decreases in taxes reduce future government spending is often cited as a reason for cutting taxes …. However, because taxes change for many reasons, examinations of the relationship between overall measures of taxation and …
Persistent link: https://www.econbiz.de/10012465098
This paper investigates the impact of changes in the level of taxation on economic activity. We use the narrative record -- presidential speeches, executive-branch documents, and Congressional reports -- to identify the size, timing, and principal motivation for all major postwar tax policy...
Persistent link: https://www.econbiz.de/10012465388
On Aug. 8, 2005, President Bush signed the Energy Policy Act of 2005 (PL 109-58). This was the first major piece of energy legislation enacted since 1992 following five years of Congressional efforts to pass energy legislation. Among other things, the law contains tax incentives worth over $14...
Persistent link: https://www.econbiz.de/10012466094
In models with irreversible investment, increasing uncertainty about prices has been shown to increase the required rate of return (hurdle rate) and delay investment (e.g., Pindyck, 1988). One serious form of uncertainty faced by firms, a form that policy makers could conceivably control, is tax...
Persistent link: https://www.econbiz.de/10012474139
This paper considers ways in which federal tax policy affects municipal asset and debt holdings. The tax treatment of municipal bonds and income creates an arbitrage opportunity for communities to issue tax exempt debt and invest in financial assets. I present evidence that suggests the rules in...
Persistent link: https://www.econbiz.de/10012475096
taxable income using time-series/cross-section analysis of data on income and taxes by small slices of the income distribution …
Persistent link: https://www.econbiz.de/10012460799