Narrow search
Showing 1 - 10 of 18,981
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Kennedy Proposed His Big Tax Cut 50 Years Ago
Bartlett, Bruce - 2013
On January 24, 1963, John F. Kennedy sent a message to Congress proposing tax reduction and tax reform. On the 50th anniversary of this event, this article reviews the political hurdles to its enactment, which were much more severe than generally realized today
Persistent link: https://www.econbiz.de/10013087830
Cover Image
U.S. Effective Marginal Tax Rates on New Investment Under Prior Law and the Tax Cuts and Jobs Act
Foertsch, Tracy - 2018
U.S. Effective marginal tax rates (EMTRs) for 2018 through 2027 are calculated for the TaxCuts and Jobs Act (TCJA). These EMTRs take account of the extension and subsequent phaseout of bonus depreciation with a methodology used by Cohen, Hansen, and Hassett (2002) toestimate the user cost of...
Persistent link: https://www.econbiz.de/10012908992