Taxes

Bush vs. The Congressional Democrats: Whose Tax Plan Is Better?

In his State of the Union message, President Bush proposed a new tax package which he said would promote economic growth and create jobs. With unusual assertiveness, he gave Congress one month to enac…

Rethinking Tax Fairness

The recent debate in the House of Representatives pitted a House Republican economic plan against a plan proposed by the Democratic leadership. The central feature of the Republican plan was a dramati…

Capital, Taxes and Growth

This report is based on the neoclassical economic theory of capital, adopted by most of the leading capital theory economists of the 20th century. The theory is consistent with the last 37 years of em…

Do We Need a Tax Cut?

As the economy languishes and the presidential election nears, politicians of both parties are searching for ways to stimulate the economy and promote economic growth.

How State and Local Taxes Affect Economic Growth

This study finds that state and local taxes (expressed as a fraction of personal income) over the period 1957 to 1987 had a major impact on state economic growth.

Tax Rates, Tax Revenues and Economic Growth

Prior to the 1980s, most people assumed that if governments raised tax rates they would collect more total revenue from taxpayers. We now have dynamic evidence from the United States that a decrease i…

Taxes, Deficits and the Current Recession

The budget summit agreement, including the largest tax increase in history. was rushed through Congress in the final moments of the last session. Even now - long after passage of the act and the 1990…

Will The New Budget Package Create A Recession?

The United States has experienced the longest peacetime economic expansion in its history, due to tax reductions enacted during the 1980s.