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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

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

Costly, but (relatively) ineffective? : an assessment of Germany's temporary VAT rate reduction during the Covid-19 pandemic

Baudisch, Victoria; Neuenkirch, Matthias - 2023

Persistent link: https://www.econbiz.de/10014259264

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

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

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

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

Understanding the Tax Cuts and Jobs Act

Donaldson, Samuel A. - 2018

This manuscript summarizes key provisions of the so-called "Tax Cuts and Jobs Act" affecting United States individuals, small businesses, estates, and trusts. It does not cover changes made to pension and retirement accounts, provisions applicable only to certain industries, rules applicable to...

Persistent link: https://www.econbiz.de/10014117315

The Tax Cuts and Jobs Act : An Appraisal

Chalk, Nigel Andrew - 2018

This paper assesses the landmark Tax Cuts and Jobs Act (TCJA), from the perspective of both the U.S. itself and the wider world. The reform has many positive aspects including steps to broaden the base of, and reduce marginal rates under, the personal income tax (PIT), reduce distortions to...

Persistent link: https://www.econbiz.de/10012912481

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