by John H. Cochrane via Grumpy Economist
How can you cut taxes but raise (distorting, marginal) rates at the same time?
Aparna Mathur | The HillAparna Mathur identifies several valuable improvements in the tax reform plan and discusses how different income groups would benefit from the reform provisions. She argues that the business reforms in the tax plan lead to a more efficient corporate tax code, are pro-growth, and are likely to benefit average American households in the long run.
by Casey B. Mulligan via The Hill
Since the 1990s, U.S. corporations have been subject to one of the highest statutory tax rates in the world. The high rate has caused them to rearrange their affairs to avoid investing, especially in lines of business subject to the full rate, and thereby reducing productivity and workers’ wages.
quoting John H. Cochrane via myAJC
Those on the left want to talk about redistributing wealth but have very little interest in the most fundamental issue, which is how wealth is created. Where does it come from? Why, when we look around the world, are some countries so much more prosperous than others? Or why, when we look at our own country, do we go through periods that are more prosperous than others?