Comments on: Which tax cuts stimulate the economy? http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/ Where Wall St. and Main St. intersect Fri, 22 Nov 2013 23:06:16 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: jomiku http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/comment-page-1/#comment-4292 Sat, 15 Sep 2012 14:27:27 +0000 http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/#comment-4292 To be clear, McBride mentions research on corporate tax rates and says his statistical analysis on OECD countries – meaning not on just the USA – shows a link between growth and corporate tax rates. That is not what this paper is about. It is about individual taxes. The best he can do is wonder at the end how many data points are involved in the study which is actually at issue. (The answer, btw, is a lot; it’s not just the number of tax changes classified as exogenous but that the data gets to the state level and thus is broad.)

And to be clear, this William McBride of the Tax Foundation is not the same as Bill McBride of Calculated Risk. Don’t mean a put down in that. It’s easy to confuse two people with the same name.

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By: Nanette http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/comment-page-1/#comment-4291 Fri, 14 Sep 2012 15:06:12 +0000 http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/#comment-4291 I recommend the link above to a piece by Will McBride. In it he responds to this post and highlights research on the topic of graduated tax codes and corporate income taxes. We focused more narrowly in our post on the impact of an income tax cut. Here is a copy of the link to Mr. McBride’s post as well: http://taxfoundation.org/blog/journalist s-too-quick-conclude-there-no-tradeoff-b etween-taxes-and-growth

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By: EconoWill http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/comment-page-1/#comment-4290 Fri, 14 Sep 2012 12:11:38 +0000 http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/#comment-4290 http://taxfoundation.org/blog/journalist s-too-quick-conclude-there-no-tradeoff-b etween-taxes-and-growth

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By: dmullin1240 http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/comment-page-1/#comment-4289 Fri, 14 Sep 2012 02:20:08 +0000 http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/#comment-4289 It’s very simple. Who is your consumer? Is it rich people, is it middle class people, is it poor people. Manufacturing goods are made in such volume that almost no amount of salary increases will create new jobs. What’s left? The service economy. Thanks to the internet, people can Google and DIY their way out of almost any service. Even portfolio managers are becoming obsolete.

What’s the point? The free market isn’t working because 1) regular Joe can’t obtain enough savings and credit to start their own business because Fortune 100 companies don’t account for the majority of employment 2) values of goods and services are depressed because people can’t pay what they really value for something furthering diminishing the size of the available market; this exacerbates the first thing.

If you put 10% of the capital that public and private investors aren’t doing anything with and put into the supply chain of consumption, the economy would be 20% better than it is right now because goods and services would have value again

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By: RNBSNMBA http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/comment-page-1/#comment-4286 Thu, 13 Sep 2012 18:11:37 +0000 http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/#comment-4286 This questions if unfairly stated… you can’t lower taxes without decreasing spending…which is the platform of Romney. I am an independent and I am getting extremely tired of the bias reporting. We give money to countries that burn our Embassy’s and kill our people. We educate illegals, continue to increase salaries to or Washington officials and allow them to have a completely different healthcare provider than the one being shoved down our throat… I could go one but I am typing to myself … this will never be posted… to bias …right
But… as you read this please remember it when you are 10 years older and look back …saying “WTF was I thinking when I voted for that man again?”

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By: Nanette Byrnes http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/comment-page-1/#comment-4288 Thu, 13 Sep 2012 13:24:33 +0000 http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/#comment-4288 We would welcome reader input on this question. In reporting for this post we were not able to find one.

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By: rcd3437 http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/comment-page-1/#comment-4287 Thu, 13 Sep 2012 00:51:11 +0000 http://blogs.reuters.com/unstructuredfinance/2012/09/12/which-tax-cuts-stimulate-the-economy/#comment-4287 Are there any data-driven studies that conclude tax breaks for the wealthy stimulate economic growth?

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