Tax Policy and the Economy, Volume 36

This volume presents five new studies on current topics in taxation and government spending, including how investors respond to taxes on capital gains, whether corporate tax cuts increase income inequality, and the distributional impact of emergency subsidies to schools during the COVID-19 pandemic.

Format: Paperback / softback
Length: 256 pages
Publication date: 20 July 2022
Publisher: The University of Chicago Press

This comprehensive volume offers a wealth of insights into current topics in taxation and government spending. Five esteemed scholars, Natasha Sarin, Lawrence Summers, Owen Zidar, and Eric Zwick, delve into the intricate dynamics of investor behavior in response to capital gains taxes. Their research explores the impact of these taxes on investment incentives, changes in responsiveness over time, and their broader implications for economic growth.

Ethan Rouen, Suresh Nallareddy, and Juan Carlos Suárez Serrato reexamine the contentious issue of corporate tax cuts and their effects on income inequality. Drawing on fresh data and advanced statistical techniques, they present novel findings that shed light on this critical policy matter.

Alan Auerbach and William Gale investigate the interplay between different taxation types and interest rates, particularly in the context of the United States, where low interest rates have persisted for an extended period. Their study examines how these factors influence the advantages and disadvantages of taxation and offers valuable insights for policymakers.

Nora Gordon and Sarah Reber examine the distributional impact of emergency subsidies provided to schools by the federal government during the recent COVID-19 pandemic. They assess whether these subsidies were sufficient to cover the increased school costs resulting from the pandemic and explore the potential long-term effects on education funding.

Jacob Goldin, Elaine Maag, and Katherine Michelmore undertake a comprehensive analysis of the fiscal cost associated with expanding the U.S. child tax credit. They examine not only the direct expenditure on the allowance but also consider the impact of work incentives, potential beneficial effects on children's adult earnings, and other relevant factors.

These insightful studies collectively contribute to our understanding of taxation and government spending, providing valuable insights for policymakers, researchers, and stakeholders alike.

Dimension: 229 x 152 x 15 (mm)
ISBN-13: 9780226821771