The Folly of Increasing the Minimum Wage heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
A Scorecard on Death Tax Reform heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
The supply-side framework outlined in this paper does not include all the effects of taxation that economists would like to examine. Depending on one's perspective, the glass could be considered half-full as well as half-empty. But if the only "dynamic" thing the Joint Committee on Taxation did was to incorporate the detrimental effects of federal deficits on capital formation, this would be more than worth the effort.
Simply raising taxes to finance promised Medicare benefits wouldlikely prove counterproductive because the economic costs would beprohibitive, even if policymakers use new tax revenues to pay downdeficits and debt. Raising payroll and personal income taxes tofinance Medicare over just the next 10 years could reduce totalemployment by an average of nearly 816,000 jobs and depress realGDP by an average of almost $87 billion per year.