Tax Reform and U.S. Economic Growth

DSpace/Manakin Repository

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