| Autor: |
Altshuler, Rosanne, Bull, Nicholas, Diamond, John, Dowd, Tim, Moomau, Pamela |
| Předmět: |
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| Zdroj: |
American Economic Review; May2005, Vol. 95 Issue 2, p432-436, 5p, 1 Chart |
| Abstrakt: |
This article discusses several issues that arise in the process of analyzing the macroeconomic effects of tax policy proposals in a way that is of practical use to legislators. The estimate of the effects of a tax proposal on future federal budget receipts is often referred to as the "score" for the proposal. Under section 201(f) of the U.S. Congressional Budget Act of 1974, the Joint Committee on Taxation is responsible for providing the official score for all legislation that changes the Internal Revenue Code. Tax policy can affect the economy, in the short run, through demand-driven effects on disposable income, and in the short and long run through effects on incentives to save, invest and labor supply. Some macroeconomic models focus on the short-run effects of tax policy by modeling the anticipated changes in disposable income due to the policy. |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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