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The Tax Cut and Jobs Act of 2017 (TCJA) made significant changes to corporate and personal federal income taxation, including limiting the SALT (state and local property, income and sales taxes) deductibility to $10,000. States with high SALT tend to vote Democratic. This paper estimates the...
Persistent link: https://www.econbiz.de/10012030289
seems so extreme that it violates deeply held principles of equity in a democratic society. We will pursue this argument by … distribution characterizes research performance. Next, equity in the merit-based distribution of resources is discussed and recent … fundamental tension in between equity and excellence that can suppress incentives for excellence in innovation when equity is a …
Persistent link: https://www.econbiz.de/10009476121
This paper describes the impact of the global crisis on China, the central and local level government responses and preferences it triggered as well as the consequences these reactions had on national and regional levels. It focuses on the immediate economic and general systemic reasons of the...
Persistent link: https://www.econbiz.de/10010494536
This paper focuses on the immediate economic and systemic reasons of steadily increasing local government indebtedness and investment overheating in China. These two phenomena emerged between 2008 and 2011 as a direct consequence of an external shock caused by the global crisis and the...
Persistent link: https://www.econbiz.de/10010494568
A four-period game is developed between a policy maker, the international community, and the population. This research supplements, through implementing strategic interaction, earlier research analyzing "one player at a time". The first two players distribute funds between preventing and...
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