This volume presents five new studies on current topics in taxation and government spending.
Natasha Sarin, Lawrence Summers, Owen Zidar, and Eric Zwick study how investors respond to taxes on capital gains, whether their incentives to invest are affected by those taxes, and whether that responsiveness has changed over time. Ethan Rouen, Suresh Nallareddy, and Juan Carlos Suárez Serrato revisit the question of whether cuts to corporate taxes increase income inequality, bringing new data and new statistical techniques to generate fresh findings. Alan Auerbach and William Gale investigate whether the advantages and disadvantages of different types of taxation are affected when interest rates stay low for long periods, as has been the case in the U.S. for many years. Nora Gordon and Sarah Reber study the distributional impact of emergency subsidies to schools made by the federal government during the recent COVID pandemic and whether those subsidies were sufficient to cover the increased school costs induced by the pandemic. Jacob Goldin, Elaine Maag, and Katherine Michelmore investigate the fiscal cost of an expansion of the U.S. child tax credit, which has been discussed extensively in policy circles recently. They take into account not only the direct expenditure on the allowance but how cost is affected by the existence of work incentives and by possible beneficial effects on childrens’ adult earnings.
Edited by:
Robert A. Moffitt
Imprint: University of Chicago Press
Country of Publication: United States
Dimensions:
Height: 229mm,
Width: 152mm,
Spine: 15mm
Weight: 286g
ISBN: 9780226821771
ISBN 10: 0226821773
Series: National Bureau of Economic Research Tax Policy and the Economy
Pages: 256
Publication Date: 20 July 2022
Audience:
Professional and scholarly
,
Undergraduate
Format: Paperback
Publisher's Status: Active
Introduction Robert A. Moffitt Rethinking How We Score Capital Gains Tax Reform Natasha Sarin, Lawrence Summers, Owen Zidar, and Eric Zwick Do Corporate Tax Cuts Increase Income Inequality? Suresh Nallareddy, Ethan Rouen, and Juan Carlos Suárez Serrato Tax Policy Design with Low Interest Rates Alan J. Auerbach and William G. Gale Were Federal COVID Relief Funds for Schools Enough? Nora Gordon and Sarah Reber Estimating the Net Fiscal Cost of a Child Tax Credit Expansion Jacob Goldin, Elaine Maag, and Katherine Michelmore
Robert A. Moffitt is the Krieger-Eisenhower Professor of Economics at Johns Hopkins University with a joint appointment at the Johns Hopkins School of Public Health. He is a research associate of the National Bureau of Economic Research.
