Attention Economy


Tuesday, October 15, 2024

Tax Cuts and Supply-Side Economics

Tax Cuts Pay for Themselves and Other Fairy Tales
https://www.bloomberg.com/news/articles/2024-10-04/supply-side-theory-is-making-a-comeback-with-trump
 
Trump-Era Corporate Tax Cuts Boosted Investment, but Did Not Pay for Themselves: Analysis
https://finance.yahoo.com/news/trump-era-corporate-tax-cuts-234534886.html
The corporate tax cuts included in the 2017 Tax Cuts and Jobs Act helped boost business investment while delivering a small increase in worker pay, according to a new analysis published by the Bureau of Economic Research. The tax cuts did not, however, come anywhere close to paying for themselves, as their Republican proponents in Congress and the Trump administration insisted they would, and instead are costing the federal government more than $100 billion per year in lost revenues. 

Record Stock Buybacks Bolster Case for Raising Corporate Tax Rate
https://www.cbpp.org/blog/record-stock-buybacks-bolster-case-for-raising-corporate-tax-rate

The economic consequences of major tax cuts for the rich

https://academic.oup.com/ser/article/20/2/539/6500315

 

Reviewing Recent Evidence of the Effect of Taxes on Economic Growth

https://taxfoundation.org/research/all/federal/reviewing-recent-evidence-effect-taxes-economic-growth/