Tax expenditure estimates are viewed with skepticism even within the fraught business of forecasting the revenue … effects of policies. As the Joint Committee on Taxation emphasizes, Unlike revenue estimates, tax expenditure estimates do not … incorporate any behavioral response of taxpayers or changes in the timing of tax payments. While I agree that tax expenditure …

Sales tax holidays are temporary suspensions of tax rates applicable to selected goods. In the United States, sales tax …,000 households from 2004 to 2016. Judging by conventional household income elasticities the tax savings are very progressively … distributed. However, we demonstrate tax holidays to be poorly targeted if judged by the intention of arranging transfers to low …