Mike_Wagner
1p1 comments posted · 0 followers · following 0
101 weeks ago @ KeithHennessey.com - Introducing Budget Bub... · 1 reply · +1 points
Great post, the bubble graphs are a great tool. You addressed it somewhat but one thing in the partisan debates that bothers me is the monolithic use of static scoring. The difference between raising tax rates and raising tax revenues. Since changing rates has economic effects (as you pointed out), it's not possible to predict precisely how revenue will be effected by changes to the tax rate.
Any reading suggestions on the results of research done on this? I have read some things that indicate that tax rate decreases have tended to be followed by increased tax revenues. But I would love to read something geared to the layman but done by a pro that has researched this.
Any reading suggestions on the results of research done on this? I have read some things that indicate that tax rate decreases have tended to be followed by increased tax revenues. But I would love to read something geared to the layman but done by a pro that has researched this.
Medley