The White House today cited the 2006 Treasury Report in its “Pro Growth Tax Policy” information sheet. From the website:
Category Archives: taxes
International Aspects of Tax Policy in the 2008 Economic Report of the President
The tax policy chapter of the ERP is quite interesting, in part because I have a sense of deja vu [1], [2] when reading the cross-country/international sections.
Why One Percent of GDP? Opportunity Cost Illustrated (Part III)
As the decoupling thesis becomes more and more tenuous [1], and the rest of the world exhibits greater evidence of a slowdown [2], [3], [4], leading to predictions of a more persistent and deeper slump in the US than previously anticipated [5], I wonder — where did that presciption of a one percentage point of GDP fiscal stimulus come from?
More Thoughts on Fiscal Stimulus: Business Incentives
What does the literature say about the efficacy of incentives for investment?
The Implications of a Textbook Analysis of Macro Stabilization via Discretionary Fiscal Policy
From Reuters:
If Bush and Congress are to act at all, they will have to move quickly to have any impact, says Alan Auerbach, an economics professor at the University of California, Berkeley, who has done research on the effects of fiscal stimulus.
“Timing is extremely important,” he says. “Recessions typically last less than a year, so unless you can be pretty quick, it’s not worth doing.”
Is Bush an Economic Conservative? Does He Analyze?
Greenspan says no, on both counts.
The Last Throes of PoMo Macro?
Army Transformation sacrificed on the altar of …(a) tax cuts, (b) Iraq, (c) other
Or, “opportunity cost illustrated” redux. From GovExec.com:
Proposition 87 tax plan
Sixteen of the 191 pages that Californians are asked to read in order to vote intelligently in the upcoming election are devoted to discussion of Proposition 87, the Clean Alternative Energy Act. This calls for $4 billion or more in new taxes and spending. In this post, I discuss only the tax side of this proposal, and hopefully will have an opportunity to take up the spending details in a sequel.
A Dynamic Analysis of Permanent Extension of the President’s Tax Relief
The press account surrounding the Mid Session Review (MSR) (page 3-4) noted the preferred estimate of GNP response to the President’s tax proposals: real GNP might be 0.7 percent higher than steady state baseline. The Treasury’s Office of Tax Analysis has just released the underlying analysis.