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Tax cuts starve the beast! : evidence from Germany
Fuest, Clemens; Neumeier, Florian; Stöhlker, Daniel - 2019
The 'starving the beast' hypothesis claims that tax cuts lead to lower public spending, rather than higher debt levels and higher taxes in the future. This paper uses the institutional setting of German fiscal federalism to its advantage in order to explore how fiscal policy reacts to exogenous...
Persistent link: https://www.econbiz.de/10012157329
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Costly, but (relatively) ineffective? : an assessment of Germany's temporary VAT rate reduction during the Covid-19 pandemic
Baudisch, Victoria; Neuenkirch, Matthias - 2023
We evaluate Germany's temporary value-added tax (VAT) rate reduction as a tool to stimulate consumer spending during … the Covid-19 pandemic using a comparative case study approach. We construct a credible counterfactual for Germany in a two … similar to Germany regarding important post-treatment characteristics. Second, we apply a reweighting scheme on the pre …
Persistent link: https://www.econbiz.de/10014275958
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Costly, but (relatively) ineffective? : an assessment of Germany's temporary VAT rate reduction during the Covid-19 pandemic
Baudisch, Victoria; Neuenkirch, Matthias - 2023
We evaluate Germany's temporary value-added tax (VAT) rate reduction as a tool to stimulate consumer spending during … the Covid-19 pandemic using a comparative case study approach. We construct a credible counterfactual for Germany in a two … similar to Germany regarding important post-treatment characteristics. Second, we apply a reweighting scheme on the pre …
Persistent link: https://www.econbiz.de/10014259264
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Fixing Five Flaws of the Tax Cuts and Jobs Act
Clausing, Kimberly A. - 2020
The tax legislation commonly referred to as the Tax Cuts and Jobs Act (Public Law 115-97) came into effect in 2018. The new tax law was flawed in five important ways. First, the law generates large deficits that will reduce the ability of government to fund important priorities in the future;...
Persistent link: https://www.econbiz.de/10012849053
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What Went Wrong with the Bush Tax Cuts
Mitchell, Matthew D. - 2014
Critics of the Bush tax cuts often dismiss the tax changes as a failed experiment in free-market economics. Noting that economic growth was slower in the years following the cuts than in the years preceding them, some critics see the experience as evidence that tax cuts simply do not work. But...
Persistent link: https://www.econbiz.de/10013064797
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Thoughts on Dynamic Scoring of Fiscal Policies
Marron, Donald B. - 2016
Former CBO director Doug Elmendorf recently argued that Congress should account for macroeconomic feedback when scoring major tax and spending policies. In this brief, Donald Marron agrees, arguing that CBO and JCT can implement such dynamic scoring in an objective, nonpartisan manner. Dynamic...
Persistent link: https://www.econbiz.de/10012988202
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Günstige Aufkommensperspektiven – Steuererhöhungen nicht erforderlich
Gebhardt, Heinz; Kambeck, Rainer - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 93 (2013) 6, pp. 377-383
Nach der aktuellen Prognose des Arbeitskreises „Steuerschätzungen“ wird das Steueraufkommen von 600 Mrd. Euro 2012 bis zum Jahr 2017 auf knapp 705 Mrd. Euro steigen. Verfügt der Staat damit über ausreichend hohe Finanzmittel, so dass sich sogar Spielräume für Steuersenkungen bieten? Die...
Persistent link: https://www.econbiz.de/10009774401
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Steuermehreinnahmen eröffnen budgetäre Spielräume zum Abbau der kalten Progression
Gebhardt, Heinz - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 92 (2012) 6, pp. 392-398
Der Arbeitskreis Steuerschätzungen hat seine Prognose für das Steueraufkommen abermals nach oben revidiert. Damit können Bund, Länder und Kommunen bis 2016 mit höheren Steuereinnahmen rechnen, als bislang erwartet. Die Mehreinnahmen eröffnen budgetäre Handlungsspielräume, um die kalte...
Persistent link: https://www.econbiz.de/10009615545
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The 1981 Tax Cut After 30 Years : What Happened to Revenues?
Bartlett, Bruce - 2011
In this article, the author reviews the continuing controversy over the Reagan tax cut. Republicans often assert that it was so expansionary that there was no revenue loss, something the Reagan administration itself never claimed. The truth is that the tax cut lost a lot of revenue, but helped...
Persistent link: https://www.econbiz.de/10013121706
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The Bush Tax Cut : 10 Years Later
Bartlett, Bruce - 2011
This article discusses the origin and effects of George W. Bush's 2001 tax cut. It concludes that it was a failure except in terms of dissipating the budget surplus, which was one of its primary purposes
Persistent link: https://www.econbiz.de/10013123864