Use of 2009 baseline
To produce his estimates Feldstein uses IRS data for 2009, the most recent year for which data is available - but also the worst year for the recession. Selecting a year when tax revenue was low artificially reduces the cost of the rate cuts - and the concession changes needed to offset them.
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Visualizing the Romney Tax Debate »Visualizing the Romney Tax Debate
Romney's plan stated »Romney's plan stated
But does it compute? »But does it compute?
No - it does not compute »No - it does not compute
The TPC case »The TPC case
Growth effect claim »Growth effect claim
Ignores growth potential »Ignores growth potential
Growth-supportive studies »Growth-supportive studies
3. Feldstein »3. Feldstein
Unaddressed objections »Unaddressed objections
Use of 2009 baseline
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