Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.
Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.
Tax increases appear to have a very large sustained and highly significant negative impact on output.
© 2020 Inspirational Stories
© 2020 Inspirational Stories