Do Tax Cuts Starve The Beast
DOWNLOAD
Download Do Tax Cuts Starve The Beast PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Do Tax Cuts Starve The Beast book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Do Tax Cuts Starve The Beast
DOWNLOAD
Author : Christina Romer
language : en
Publisher:
Release Date : 2007
Do Tax Cuts Starve The Beast written by Christina Romer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Government spending policy categories.
The hypothesis that decreases in taxes reduce future government spending is often cited as a reason for cutting taxes. However, because taxes change for many reasons, examinations of the relationship between overall measures of taxation and subsequent spending are plagued by problems of reverse causation and omitted variable bias. To deal with these problems, this paper examines the behavior of government expenditures following legislated tax changes that narrative sources suggest are largely uncorrelated with other factors affecting spending. The results provide no support for the hypothesis that tax cuts restrain government spending; indeed, they suggest that tax cuts may actually increase spending. The results also indicate that the main effect of tax cuts on the government budget is to induce subsequent legislated tax increases. Examination of four episodes of major tax cuts reinforces these conclusions.
Do Tax Cuts Starve The Beast
DOWNLOAD
Author : Christina D. Romer
language : en
Publisher:
Release Date : 2010
Do Tax Cuts Starve The Beast written by Christina D. Romer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
The hypothesis that decreases in taxes reduce future government spending is often cited as a reason for cutting taxes. However, because taxes change for many reasons, examinations of the relationship between overall measures of taxation and subsequent spending are plagued by problems of reverse causation and omitted variable bias. To deal with these problems, this paper examines the behavior of government expenditures following legislated tax changes that narrative sources suggest are largely uncorrelated with other factors affecting spending. The results provide no support for the hypothesis that tax cuts restrain government spending; indeed, they suggest that tax cuts may actually increase spending. The results also indicate that the main effect of tax cuts on the government budget is to induce subsequent legislated tax increases. Examination of four episodes of major tax cuts reinforces these conclusions.
To Starve Or Not To Starve The Beast
DOWNLOAD
Author : Mr.Michael Kumhof
language : en
Publisher: International Monetary Fund
Release Date : 2010-09-01
To Starve Or Not To Starve The Beast written by Mr.Michael Kumhof and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-09-01 with Business & Economics categories.
For thirty years prominent voices have advocated a policy of starving the beast cutting taxes to force government spending cuts. This paper analyzes the macroeconomic and welfare consequences of this policy using a two-country general equilibrium model. Under several strong assumptions the policy, if fully implemented, produces domestic output and welfare gains accompanied by losses elsewhere. But negative effects can easily arise in the presence of longer policy implementation lags, utility-enhancing government spending, and productive government capital. Overall, the analysis finds no support for the idea that starving the beast is a foolproof way towards higher output and welfare.
Starving The Beast
DOWNLOAD
Author : Monica Prasad
language : en
Publisher: Russell Sage Foundation
Release Date : 2018-12-05
Starving The Beast written by Monica Prasad and has been published by Russell Sage Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-05 with Social Science categories.
Since the Reagan Revolution of the early 1980s, Republicans have consistently championed tax cuts for individuals and businesses, regardless of whether the economy is booming or in recession or whether the federal budget is in surplus or deficit. In Starving the Beast, sociologist Monica Prasad uncovers the origins of the GOP’s relentless focus on tax cuts and shows how this is a uniquely American phenomenon. Drawing on never-before seen archival documents, Prasad traces the history of the 1981 tax cut—the famous “supply side” tax cut, which became the cornerstone for the next several decades of Republican domestic economic policy. She demonstrates that the main impetus behind this tax cut was not business group pressure, racial animus, or a belief that tax cuts would pay for themselves. Rather, the tax cut emerged because Republicans believed that following World War II, Democrats had created an extremely durable power structure based on offering government programs to Americans, through which they were able to unify an otherwise fractious coalition of farmers, workers, and African Americans and retain control of Congress for four decades. Republicans were reduced to lecturing about balanced budgets, an issue that did not win them many elections. The Republican party began to see tax cuts as an opportunity to alter these basic building blocks of American power. If Democratic power was built out of government programs, Republicans found a new power source in offering tax cuts. Once it became clear that the resulting deficits could be financed by foreign capital, this program reoriented the Republican Party, transforming it from the party of fiscal rectitude into a party whose main domestic policy goal is reducing taxes. With one party promoting government programs to appeal to voters and the other party promoting tax cuts to appeal to voters, and neither party able to generate electoral coalitions around addressing more pressing political and economic problems, this history reveals problems at the heart of contemporary American democracy itself. Prasad suggests some ways forward. Since the end of World War II, many European nations have combined strong social protections with policies to stimulate economic growth such as lower taxes on capital and less regulation on businesses than in the U.S. Starving the Beast suggests that taking inspiration from this model of progressive policies embedded in market-promoting political economy could serve to build an American economy that works better for all.
Tax Cuts Starve The Beast
DOWNLOAD
Author : Clemens Fuest
language : en
Publisher:
Release Date : 2019
Tax Cuts Starve The Beast written by Clemens Fuest and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
The 'starving the beast' hypothesis claims that tax cuts lead to lower public spending, rather than higher debt levels and higher taxes in the future. This paper uses the institutional setting of German fiscal federalism to its advantage in order to explore how fiscal policy reacts to exogenous tax revenue shocks. We use panel data from the German states covering the period from 1992 to 2011, and assess to what extent exogenous changes in tax revenues affect aggregate public expenditure as well as specific sub-categories of government spending. Applying the narrative approach pioneered by Romer and Romer (2009), we construct a measure of exogenous tax shocks. This allows us to identify the causal effect of tax changes on fiscal policy. Our results suggest that an exogenous decrease in tax revenues triggers a reduction in public spending of roughly the same amount, with a delay of two to three years. We find that a revenue decline of one Euro reduces public spending on administration and, with a larger delay, social security, by 30 to 45 cents in each case. Spending on infrastructure declines by ten cents. We find no significant effects on spending on education, legal protection and public safety, or culture.
Taxes Death And Trouble
DOWNLOAD
Author : Andre L. Smith
language : en
Publisher:
Release Date : 2018-08-08
Taxes Death And Trouble written by Andre L. Smith and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-08 with categories.
Starving the Beast by relentlessly cutting taxes for the benefit of the wealthy deprives government of the money it needs to fund social services like well-functioning schools and hospitals, and the financial gap is filled by levying sales and sin taxes the poor cannot avoid, as well as commercial and criminal fines and fees and forfeitures and surcharges and interest to squeeze every last drop of wealth out of poor black and brown folks so that they must accept whatever job is available regardless the wages or conditions. Mike Browns and Joyce Curnells and countless others are being taxed to death because, perfectly contrary to Adam Smith's description of a meritocratic market, those with means refuse to pay for the government that serves them only. Better exploiting the US Tax Code is part of the solution.
Starving The Beast
DOWNLOAD
Author : Jonathan Baron
language : en
Publisher:
Release Date : 2013
Starving The Beast written by Jonathan Baron and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
The strategy of "starving the beast" involves cutting taxes today with the expectation that spending cuts will follow tomorrow. Various heuristics and biases help to explain the likely effects of the strategy. In four experiments conducted on the World Wide Web, subjects chose general levels of taxation and public spending from differing hypothetical starting points. In general, subjects wanted to reduce both taxes and spending, preferring balanced budgets and even surpluses to deficits. When asked about specific spending cuts, subjects showed a reluctance to make cuts, leading to large and persistent deficits. "Starving the beast," by pairing specific tax cuts with the general, abstract idea of spending cuts, can thus succeed in a population preferring fiscal balance. Once the deficit is created, it will likely persist, influencing future policy preferences, due to an anchor and underadjustment bias. Left indeterminate is what happens in any subsequent period of deficits, when a balanced budget constraint is imposed: in such cases, loss aversion vis a vis tax increases is pitted against loss aversion vis a vis spending decreases. Our experiments suggest a role for framing in making policy choices under these conditions.
Government Is Good
DOWNLOAD
Author : Douglas J. Amy
language : en
Publisher: Dog Ear Publishing
Release Date : 2011
Government Is Good written by Douglas J. Amy and has been published by Dog Ear Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Democracy categories.
Why a book defending government? Because for decades, right-wing forces in this country have engaged in a relentless and irresponsible campaign of vicious government bashing. Conservatives and libertarians have demonized government, attacked basic safety net programs like Medicare, and undermined vital regulations that protect consumers, investors, workers, and the environment. This book takes on this anti-government movement and shows that most of its criticisms of this institution are highly exaggerated, misleading, or just plain wrong. In reality, American government - despite its flaws - plays a valuable and indispensable role in promoting the public good. Most government programs are working well and are actually improving the lives of Americans in innumerable ways. Democratic government is a vital tool for making our world a better place; and if we want an America that is prosperous, healthy, secure, well-educated, just, compassionate, and unpolluted, we need a strong, active, and well-funded public sector. Part I: Why Government is Good. The section of the book describes how government acts as a force for good in society. One chapter chronicles a day in the life of an average middle-class American and identifies the myriad ways that government programs improve our lives. Other chapters describe the forgotten achievements of government; how government is the only way to effectively promote public values like justice and equality; and how a free market economy would be impossible without the elaborate legal and regulatory infrastructure provided by government. Part II: The War on Government. This section of the book chronicles the unrelenting assault on government being waged by conservative forces in this country. Chapters describe how cuts in social programs and rollbacks of regulations have harmed the health, safety, and welfare of millions of Americans and how these assaults have taken place on many fronts - in Congress, the administrative branch, and the federal courts, as well as on the state and local level. Also addressed: how the right's radical anti-government agenda is out of touch with the views and priorities of most Americans, and what the real truth is about government deficits. Part III: How to Revitalize Democracy and Government. There are, in fact, some problems with American government, and we need to address these if we are to restore Americans' faith in this institution. One of the main problems with our government is that it is not accountable and responsive enough to the public. Moneyed special interests too often win out over the public interest. Chapters in this section describe this problem and how we can fix it. There are several reforms - including public financing of elections - that could help our government live up to its democratic ideals. The final chapter discusses strategies for building a pro-government coalition in this country.
The Politics Of Bad Ideas
DOWNLOAD
Author : Bryan Jones
language : en
Publisher: Routledge
Release Date : 2021-08-29
The Politics Of Bad Ideas written by Bryan Jones and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-29 with Business & Economics categories.
This highly anticipated addition to the "Great Questions in Politics" series offers a provocative argument about the persistence of bad ideas in shaping American economic policy. The result of a collaboration between political scientist Bryan D. Jones and economist Walter Williams, The Politics of Bad Ideas is indispensable reading for any study of American government, public policy, or economic and budgetary analysis. The Politics of Bad Ideas examines why, over the last quarter century, bad economic ideas -- such as cutting taxes without cutting spending -- have become so influential in shaping government policies. Using in-depth research and trenchant political and economic analysis, the book explores why those bad ideas continue to survive despite overwhelming evidence that they in fact cause damage to the federal government's long-term fiscal stability and the American economy.
The Benefit And The Burden
DOWNLOAD
Author : Bruce Bartlett
language : en
Publisher: Simon and Schuster
Release Date : 2012-01-24
The Benefit And The Burden written by Bruce Bartlett and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-24 with Business & Economics categories.
A thoughtful and surprising argument for American tax reform, arguably the most overdue political debate facing the nation, from one of the most respected political and economic thinkers, advisers, and writers of our time. THE UNITED STATES TAX CODE HAS UNDERGONE NO SERIOUS REFORM SINCE 1986. Since then, loopholes, exemptions, credits, and deductions have distorted its clarity, increased its inequity, and frustrated our ability to govern ourselves. By tracing the history of our own tax system and assessing the way other countries have solved similar problems, Bruce Bartlett explores the surprising answers to all these issues, giving a sense of the tax code’s many benefits—and its inevitable burdens. From one of the most respected political and economic thinkers, advisers, and writers of our time, The Benefit and the Burden is a thoughtful and surprising argument for American tax reform.