Taxes

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.

State Governments Turn to New Taxes

This year 25 states -- leb by California, Massachusetts, New Jersey, and New York -- have approved roughly $10 billion in new taxes, making 1990 the second-largest state tax increase year on record. …

A Pro-Growth Budget Strategy: Vision For The 1990s

As the U.S. economy falters on the eve of a serious recession, leaders in both political parties are proposing new taxes as a way to reduce the federal deficit. This strategy is self-defeating. The ne…

Do We Need New Taxes?

In budget summit negotiations, the President and Congress originally had agreed in principle to reduce the federal deficit by $50 billion next year and $500 billion over the next five years.  About ha…

How to Stimulate Economic Growth and Reduce the Deficit at the Same Time

President Bush and congressional leaders have agreed that any new budget package must contain incentives for investment and capital formation.  The overriding reason for the budget summit is to reduce…

Would a Capital Gains Tax Cut Increase or Reduce Government Revenue?

Last year the House passed a capital gains tax cut which subsequently died in the Senate.  The Joint Committee on Taxation (JCT) prediceted the bill would reduce federal revenues by about $60 billion…