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Macroeconomic effects of a 10% cut in statutory marginal income tax rates on ordinary income

Author

Listed:
  • Jason DeBacker
  • Richard W. Evans
  • Kerk L. Phillips

Abstract

This paper integrates a microsimulation (partial equilibrium) model of tax policy with a dynamic scoring approach to tax policy analysis using a dynamic general equilibrium macroeconomic model. Both approaches have strengths and weaknesses. Our integration of the two models combines the strength of both approaches to give tax revenue estimates based on the rich heterogeneity, realistic demographics, and many tax levers from the microsimulation model as well as dynamic model estimates that account for the effects of tax changes on macroeconomic variables.

Suggested Citation

  • Jason DeBacker & Richard W. Evans & Kerk L. Phillips, 2015. "Macroeconomic effects of a 10% cut in statutory marginal income tax rates on ordinary income," AEI Economics Working Papers 867069, American Enterprise Institute.
    • Handle: RePEc:aei:rpaper:867069
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    File URL: http://www.aei.org/publication/macroeconomic-effects-of-a-10-cut-in-statutory-marginal-income-tax-rates-on-ordinary-income
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    More about this item

    Keywords

    Economic growth; income tax; tax cuts;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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