Tax Reform and U.S. Economic Growth

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Tax Reform and U.S. Economic Growth

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dc.contributor.author Jorgenson, Dale W.
dc.contributor.author Yun, Kun-Young
dc.date.accessioned 2009-11-12T19:19:30Z
dc.date.issued 1990
dc.identifier.citation Jorgenson, Dale W., and Kun-Young Yun. 1990. Tax reform and U.S. economic growth. Journal of Political Economy 98(5) Part 2: S151-S193. en_US
dc.identifier.issn 0022-3808 en_US
dc.identifier.uri http://nrs.harvard.edu/urn-3:HUL.InstRepos:3403059
dc.description.abstract In this paper we evaluate the impact of the Tax Reform Act of 1986 on U.S. economic growth. We first calculate effective tax rates on income from capital employed in corporate, noncorporate, and household sectors. We then project the future growth of the U.S. economy with and without the 1986 tax reform. We find that much of the potential gain in welfare was dissipated through failure to index the income tax base for inflation. The most promising avenue for future reform is to include income from household assets in the tax base, while reducing tax rates on business income. en_US
dc.description.sponsorship Economics en_US
dc.language.iso en_US en_US
dc.publisher University of Chicago Press en_US
dc.relation.isversionof http://dx.doi.org/10.1086/261728 en_US
dash.license LAA
dc.title Tax Reform and U.S. Economic Growth en_US
dc.type Journal Article en_US
dc.description.version Version of Record en_US
dc.relation.journal Journal of Political Economy -Chicago- en_US
dash.depositing.author Jorgenson, Dale W.
dc.date.available 2009-11-12T19:19:30Z

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  • FAS Scholarly Articles [7106]
    Peer reviewed scholarly articles from the Faculty of Arts and Sciences of Harvard University

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