Econ Comments & Analysis
WSJ | Japan's Corporate Tax Cut Opportunity
Lower corporate tax rates stimulate investment and growth. This is hardly a controversial statement among mainstream economists. Yet for some reason economists in Japan assume the rate cut proposed by Shinzo Abe will have few net benefits and large immediate costs. Maybe the Prime Minister needs to add a fourth policy arrow to clean out the brain dead in his own Finance Ministry.
CBO | H.R. 4935, Child Tax Credit Improvement Act of 2014
H.R. 4935 would increase the amount of the child tax credit and the income thresholds at which the credit begins to phase out for taxpayers. Under current law, an individual may claim a tax credit of $1,000 for each qualifying child under the age of 17. H.R. 4935 would index the $1,000 amount for inflation starting in 2015.
CATO | Stagnant for Decades, Japan Needs Supply-Side Tax Cuts
The Japanese economy grew by 4.7% a year from 1983 to 1991, but by less than 1% ever since.
