IDEAS home Printed from https://ideas.repec.org/a/mes/challe/v60y2017i2p141-170.html
   My bibliography  Save this article

Financial Transactions Taxes: Potential Revenue and Economic Implications

Author

Listed:
  • Dean Baker

Abstract

Given Donald Trump’s extreme income tax–cut proposal, even useful tax hikes may not be likely. But down the road, there may be a call for higher taxes again to support social policies and manage, in the minds of Republican sponsors of tax cuts, a bulging deficit. This economist argues that a financial transactions tax can both rein in financial excesses and raise significant revenues. Computing the benefits is not easy, and we present his full analysis, which we think is a significant contribution.

Suggested Citation

  • Dean Baker, 2017. "Financial Transactions Taxes: Potential Revenue and Economic Implications," Challenge, Taylor & Francis Journals, vol. 60(2), pages 141-170, March.
  • Handle: RePEc:mes:challe:v:60:y:2017:i:2:p:141-170
    DOI: 10.1080/05775132.2016.1272964
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/05775132.2016.1272964
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jon Bakija & Adam Cole & Bradley Heim, 2008. "Jobs and Income Growth of Top Earners and the Causes of Changing Income Inequality: Evidence from U.S. Tax Return Data," Department of Economics Working Papers 2010-22, Department of Economics, Williams College, revised Jan 2012.
    2. Dean Baker & Robert Pollin & Travis McArthur & Matt Sherman, 2009. "The Potential Revenue from Financial Transactions Taxes," CEPR Reports and Issue Briefs 2009-50, Center for Economic and Policy Research (CEPR).
    3. Congressional Budget Office, 2015. "Public Spending on Transportation and Water Infrastructure, 1956 to 2014," Reports 49910, Congressional Budget Office.
    4. Congressional Budget Office, 2015. "Public Spending on Transportation and Water Infrastructure, 1956 to 2014," Reports 49910, Congressional Budget Office.
    5. repec:wfo:wstudy:31819 is not listed on IDEAS
    6. Congressional Budget Office, 2015. "Public Spending on Transportation and Water Infrastructure, 1956 to 2014," Reports 49910, Congressional Budget Office.
    7. Congressional Budget Office, 2015. "Public Spending on Transportation and Water Infrastructure, 1956 to 2014," Reports 49910, Congressional Budget Office.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:challe:v:60:y:2017:i:2:p:141-170. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/MCHA20 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.