| Publisher | Brookings Institution | ||
|---|---|---|---|
| Format | 41.6KB PDF | Date added | 12 Feb 2003 |
| Topics | Financial Management, Performance Budgeting and Management | ||
| Downloads | 84 | ||
Tax cuts have ambiguous effects on economic growth in the long run. Tax cuts can affect economic growth in the long run through at least two channels. First, a tax cut will affect labor supply, human capital accumulation, saving, investment, entrepreneurship and so on. Second, the reduction in revenues will raise the federal deficit (unless matched by spending reductions) and hence reduce national saving. The 2001 tax cut was poorly designed to raise growth.
Did you find this white paper useful?
28 out of 50 users found this white paper useful
Related white papers
At the Forefront of Multi-Channel Banking
The Woolwich is the first U.K. financial institution to provide interactive mobile banking services via WAP technology and the only bank with true channel integration across branches, telephone, Internet, WAP...
Meeting Core Challenges for Government IT in 2009
Join industry experts from featured analyst firm, Gartner, Inc., and opinion leaders from CA, as they examine Project Portfolio Management and the investment strategies that will help you overcome the...
Low Administration ROI Tool
Find out why thousands of customers rely on IBM Informix Dynamic Server to minimize administration time and cost - and how this savings can add up big! Use the IDS...
Crime In Focus : A paper examining pitfalls in public crime mapping
In July 2008, UK Home Secretary Jacqui Smith pledged that interactive maps, which allow every neighbourhood in England and Wales to access local crime information, were to be put in place by every...
Don't make do, do more with IT optimization.
Small to medium-sized businesses often find themselves forced to do more with fewer resources. IT optimization strategies such as consolidation and virtualization help reduce complexity, free up resources and support...
Zen and the Art of the Balanced Scorecard
Today the use of balanced scorecards for performance management has become a hallmark of a well-run company. A recent study by Cranfield University showed that more than 50 percent...
The Financial Close: Optimizing Performance and Driving Financial Excellence
In this white paper, we discuss how corporate finance centers can overcome the barriers to a fast, high-quality close. By converging previously disparate disciplines of business intelligence; governance, risk, and compliance;...
