Executive Memorandum posted February 1, 2003 by Lawrence Whitman
Three Ways to Make President Bush's Tax Plan Even Better
President Bush has advanced two sound tax
principles: (1) Government should tax income only once;
accordingly, policymakers should end double taxation of dividends.
(2) Because future tax rate reductions will not help today's
economy as much as tax cuts now, provisions of the 2001 tax cut
scheduled for the future (particularly income-tax…
Executive Summary posted November 22, 2002 by Lawrence Whitman
Executive Summary: Making the Tax Cuts Permanent and Fully Effective Now
The
Senate's failure to make last year's tax rate cuts permanent and
fully in effect now is hurting America's workers and families, the
economy, and the stock market. By fostering uncertainty, the
current policy is reducing investment, limiting job growth, slowing
the economy, and depressing the stock market. Specifically, the
2001 tax cut…
Backgrounder posted November 22, 2002 by Lawrence Whitman
Making the Tax Cuts Permanent and Fully Effective Now
The
Senate's failure to act on legislation that would make last year's
tax cut package permanent and fully in effect now is hurting
individuals, families, the economy, and the stock market. By
fostering uncertainty and undermining long-term investment, the
current policy is curtailing investment, limiting job growth,
slowing the economic recovery, and depressing…
Backgrounder posted August 27, 2002 by Lawrence Whitman
How the Tax Code Contributed to the Corporate Scandals andBankruptcies
The recent media and congressional focus on corporate scandals
and bankruptcies has overlooked one very important factor: the role
of the U.S. tax code. Not only does the tax code encourage
companies to finance their operations more through issuing debt
(bonds) than by raising equity (stocks), but it also induces them
to retain rather than…
Executive Memorandum posted February 14, 2002 by Lawrence Whitman
Six Truths on How to Get the Economy Moving
Even though the U.S. economy is underperforming,
the Senate recently failed to pass any legislation that could
improve matters. In the future, policymakers trying to revive the
economy should bear in mind the following six truths about economic
policy.
Truth #1: The
most effective role for government is to decrease barriers…