5 research outputs found
Promoting Growth, Maintaining Progressivity, and Dealing with the Fiscal Crisis: CGE Simulations of a Temporary VAT Used for Debt Reduction
Trade-offs between economic efficiency, growth, and distributional equity
permeate economics, including discussions of tax policy and tax reform.
Computable general equilibrium (CGE) modeling is one tool that is often
used to estimate the magnitudes of the variables that determine the efficiency, growth, and equity properties of alternative tax reforms. In this
article, we report the results of simulations of a CGE model that examines
the economic and distributional effects of the enactment in the United
States of a temporary value-added tax used to reduce the level of the
national debt. The results suggest that such a reform is generally moderately
progressive both for cohorts alive at the time of reform and for future generations,
at least within the context of lifetime measures of tax burden, and
that current middle-aged and elderly generations must bear a burden to
confer a gain, relative to the status quo, on younger and future generations
Bridging Domains in Efforts to Reduce Disparities in Health and Health Care
Abstract available at publisher's web site