Tax Reform and Investment: How Big an Impact?
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چکیده
HE U.S. Congress has recently passed historic legislation that revises the fundamental structure of U.S. income tax law. Promoters of this legislation hope that the new tax system will encourage more productive use of economic resources and faster economic growth. Economists disagree very little about the general objectives of tax refor-m. The new law, however, has drawn significant criticism, primarily because of its treatment of capital investment. The new law weakens or eliminates many tax initiatives originally designed to stimulate investment.
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Tax Reform and Investment: How Big an Impact
HE U.S. Congress has recently passed historic legislation that revises the fundamental structure of U.S. income tax law. Promoters of this legislation hope that the new tax system will encourage more productive use of economic resources and faster economic growth. Economists disagree very little about the general objectives of tax refor-m. The new law, however, has drawn significant criticism, ...
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