Views
Graph
Explorer
Focus
Down
Load 1 level
Load 2 levels
Load 3 levels
Load 4 levels
Load all levels
All
Dagre
Focus
Down
Load 1 level
Load 2 levels
Load 3 levels
Load 4 level
Load all levels
All
Tree
SpaceTree
Focus
Expanding
Load 1 level
Load 2 levels
Load 3 levels
Down
All
Down
Radial
Focus
Expanding
Load 1 level
Load 2 levels
Load 3 levels
Down
All
Down
Box
Focus
Expanding
Down
Up
All
Down
Article
Page
Outline
Document
Down
All
Canvas
Time
Calendar
Request email digest
Past 24 hours
Past 2 days
Past 3 days
Past week
Past year
About these views
Options
Details
Show details
Hide details
Orient view
Left-Right
Top-Down
Right-Left
Bottom-Up
Expand mode
Selective
Cumulative
Label size
Smallest
Small
Big
Biggest
Slider mode
Zoom
Spread
Ancestral path
Show
Hide
Rollovers
Show
Hide
Summary texts
Show
Hide
Line formats
Line
Arrow
Bezier
Prune the view
Cross-links
Connect selected
Exclude leaves
Connect all
Disconnect
Edge labels
Show
Hide
Collapse node
Sibling order
Alphabetic
Date added
Map
Reload the current map
Start a new map
About this map
Share
Link
Bookmark
Embed
Compact format
Full format
Email
Social media
Account
My account
My timeline
My maps and bookmarks
All my ideas
Sign out
Login
Member login
Register now for a free account
Details
Context
Stream
Finder
Community
Help
Visualizing the Romney Tax Debate
Map Home
100
Add to map
Post message
Move element
Cross-relate
Cite
New map
Growth-supportive studies
SupportiveArgument
1
#231724
For the growth objection to rescue the Romney plan, the increment to revenue they produce would need to be significant. Several attempts have been made to put ball-park figures on this in the studies the Romney camp cited in reply to the TPC. The main estimates are added separately.
Note the structure of the sub-tree of this node - not all of the studies cited by the Romney camp appear at the top level i.e. are direct children of this node. This is because we want to depict the dependencies between the studies that - according to the Romney camp - support his contention that all his stated goals for tax reform are achievable. Only the studies that directly claim a major boost to revenue from tax reform are added as direct children to this node. Hence the much-cited simulation by John Diamond does not appear at the top level, but rather as a child of the paper by Harvey Rosen, which directly addresses the revenue issue - but depends on the Diamond study for an estimate of the macro-dynamic growth impact of the Romney tax proposals.
The Diamond study in turn relies, to produce its 6.8 million extra jobs estimate, on a labor market analysis by Blundell et al. Some critics have attacked Diamonds' use of this study on the ground that certain key assumptions about the labor market are incompatible. But is this relevant to the revenue-neutrality debate, as distinct to the Romney camp's claims about the employment growth stimulated by his package?
Similarly, the quartet of pro-Romney economists who produced the economic 'White Paper' for the Romney campaign defended the feasibility of the tax proposal by pointing to several studies (including the Diamond one) that predict a significant growth effect from the tax reform proposals. They too do not directly estimate the revenue boost from such a growth increment. Hence their argument is added as a supportive node to the Rosen paper.
A more recent addition to the set of studies cited by the Romney camp by Stephen Entin and William McBride contains
both
an estimate of the increment to growth produced by tax reform over a 5 to 10 year time horizon and an assessment of the budgetary effects of such a growth boost. They calculate that the extra growth would reduce the amount of savings needed from base broadening by around 60 percent - making the task much easier.
The contribution by Martin Feldstein (and a revised version he produced in response to criticisms) takes a somewhat different tack in that it does not rely explicitly on a growth model to support its claims. Rather, he argues from that economic history supports the claim that taxable income will increase - he identifies both micro-dynamic and macro-dynamic factors underpinning this.
The main studies and the relevant arguments surrounding them are mapped below.
Edit details
Page view
Show >>
Citations
0
Comments
0
History
Info
<< Hide
Expand subtree
Collapse subtree
Editing options
Add a new item
Edit this item
In summary
In detail
Change node type
Delete this item
Move this item
Cross-link this item
Change cross-link type
Reverse cross-link direction
Change cross-link target
Delete cross-link
Empty garbage
« Show large format
Expand
Get more messages
New comment
Show followed
Show map contributors
SORT BY:
Contributions
Latest
Alphabetical
Emerging topics
Show messages
Finder options
1. Full-text search
Search for:
Any word
All words
Exact phrase
Search in:
Ideas
Citations
Comments
Files
Search maps in same organisation only
2. Or select one of...
All map elements
Bookmarks
Get my stuff
Community options
1.
Show map contributors
2.
Upload my picture
3.
Subscribe to changes to this map
Email alerts:
Immediate
Daily digest
Weekly digest
4.
Invite people to this map
Invitation message
Invite as moderator
enter names/emails
or
enter @handles
or
get link
?
5.
Call an online meeting about this map
6.
No Debategraph mail
Hide presence
?
Moderator-only functions
1.
Make this map public
uncheck to make private
2.
Lock all map elements
uncheck to unlock
3.
Select interface language
Options
Deutsch
English
Español
Français
Ελληνικά
Lietuvių
Nederlands
Русский
add a new new language
4.
Affiliate map to an organization
?
5.
Broadcast to map community
Cancel
6.
Empty map trash bin
Cancel
7.
Appoint an additional Moderator
Cancel
8.
Resign as moderator
Cancel
9.
Divide this map
Cancel
?
10.
Show visits in last:
Day
Week
Cumulative
11.
Allow Document
?
12.
Delete this map
Cancel
13.
Hide edit history
14.
Add map to a cluster
Remove
or make new group
Name your group
Submit
?
15.
Change map ontology
Options
Standard (default) ontology
Article ontology
Competitive debate ontology
Hypothesis ontology
Influence diagram ontology
Note graph ontology
Story ontology
16.
Change map license
Options
All Rights Reserved
CC BY
CC BY-SA
CC BY-NC-SA
?
17.
Request map analytics
Block email digests
18.
Copy this map
Private copy
19.
Include comments in graph
No meetings are scheduled at present
Headingx
Summaryx
Interface language
English
Deutsch
Español
Français
Ελληνικά
Lietuvių
Nederlands
Русский
Private map
Cancel
Focus
Focus
Load
1 Level
2 Levels
3 Levels
Down
All
Redraw
Focus
Expanding
Down
Up
All
Editing options
Add a new item
Edit this item
In summary
In detail
Delete this item
Move this item
Cross-link this item
Connect cross-links
Collapse node
Prune the view
Delete cross-link
Annotate cross-link
Heading
Change element type
Show all types
Summary
Details
Lock
Cancel
Preview
Save
x
Select file to upload
-1