IDEAS home Printed from https://ideas.repec.org/p/ipu/wpaper/65.html
   My bibliography  Save this paper

Trump's tax reform plan: a short overview

Author

Listed:
  • Luigi Bernardi

    (Università di Pavia)

Abstract

Since the 2016 electoral campaign, the President elect of the USA, Donald Trump, has presented a broad Plan for reducing taxes. This Plan centres on a reduction in Federal income tax rates for both individuals and businesses. The main underlying argument (in keeping with Republican tradition) in support of the Plan, is that taxes are harmful to economic growth. This short paper firstly presents a summary of the changes in tax structure suggested by the Plan. This is followed by a discussion of the three main critical and arguable points of the Plan (budget neutrality, distributional consequences and macroeconomic effects), also through a review of the most recent studies regarding this topic. The prevailing view is that the Plan might boost economic growth, but only at the price of a huge budget deficit, while it may well favour only the wealthiest taxpayers in the USA.

Suggested Citation

  • Luigi Bernardi, 2017. "Trump's tax reform plan: a short overview," Working papers 65, Società Italiana di Economia Pubblica.
    • Handle: RePEc:ipu:wpaper:65
    as

    Download full text from publisher

    File URL: http://www.siepweb.it/siep/wp/wp-content/uploads/repec/1509445547Bernardi_WP_SIEP_731.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Unknown, 2012. "Transportation Research Forum," 53rd Annual Transportation Research Forum, Tampa, Florida, March 15-17, 2012 207218, Transportation Research Forum.
    2. ., 2012. "Conclusion and a Research Agenda," Chapters, in: Why is there Money?, chapter 14, Edward Elgar Publishing.
    3. Li, Peter Ping & Leung, Kwok & Chen, Chao C. & Luo, Jar-Der, 2012. "Indigenous Research on Chinese Management: What and How," Management and Organization Review, Cambridge University Press, vol. 8(1), pages 7-24, March.
    4. N/A, 2012. "The Future of Falls Research," Clinical Nursing Research, , vol. 21(1), pages 3-5, February.
    5. anonymous, 2012. "New St. Louis Fed banking and economic research," Central Banker, Federal Reserve Bank of St. Louis, issue Winter.
    6. Jena, K.K. & Hardy, B. (ed.), 2012. "Advances in Temperate Rice Research," IRRI Books, International Rice Research Institute (IRRI), number 164415.
    7. Zhong-Yi Wang & Gang Li & Chun-Ya Li & Ang Li, 2012. "Research on the semantic-based co-word analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 90(3), pages 855-875, March.
    8. Peter Ping Li & Kwok Leung & Chao C. Chen & Jar-Der Luo, 2012. "Indigenous Research on Chinese Management: What and How," Management and Organization Review, The International Association for Chinese Management Research, vol. 8(1), pages 7-24, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. JANSSENS, Jochen & DE CORTE, Annelies & SÖRENSEN, Kenneth, 2016. "Water distribution network design optimisation with respect to reliability," Working Papers 2016007, University of Antwerp, Faculty of Business and Economics.
    2. Ofori Debrah & Nasiru Inusah & Joseph Yaw Dwommor, 2021. "Students' Satisfaction with Accounting Teachers' Lesson Delivery, the Role of Perceived Quality of Lesson Delivery in Ghanaian Senior High Schools," Business and Economic Research, Macrothink Institute, vol. 11(1), pages 109-124, March.
    3. Xuguang Song & Zongyue He, 2015. "The Keqiang Index: A New Benchmark for China’s Development," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 123(3), pages 661-676, September.
    4. Ellwood, Sheila & Greenwood, Margaret, 2016. "Accounting for heritage assets: Does measuring economic value ‘kill the cat’?," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 38(C), pages 1-13.
    5. Mehleri, E.D. & Sarimveis, H. & Markatos, N.C. & Papageorgiou, L.G., 2013. "Optimal design and operation of distributed energy systems: Application to Greek residential sector," Renewable Energy, Elsevier, vol. 51(C), pages 331-342.
    6. Jean-Yves Le Corre & Thierry Burger-Helmchen, 2022. "Managerial Control in an Online Constructivist Learning Environment: A Teacher’s Perspective," Post-Print hal-03806698, HAL.
    7. Jiatao Li & Yi Tang, 2013. "The Social Influence of Executive Hubris," Management International Review, Springer, vol. 53(1), pages 83-107, February.
    8. Sumita Sarma & Sunny Li Sun, 2017. "The genesis of fabless business model: Institutional entrepreneurs in an adaptive ecosystem," Asia Pacific Journal of Management, Springer, vol. 34(3), pages 587-617, September.
    9. Horak, Sven & Yang, Inju, 2016. "Affective networks, informal ties, and the limits of expatriate effectiveness," International Business Review, Elsevier, vol. 25(5), pages 1030-1042.
    10. Karin Sanders & Julie A. Cogin & Cai-Hui Veronica Lin, 2017. "Methodological choices of HR research conducted in Asia," Frontiers of Business Research in China, Springer, vol. 11(1), pages 1-15, December.
    11. Abby Jingzi Zhou & Émilie Lapointe & Steven Shijin Zhou, 2019. "Understanding mentoring relationships in China: Towards a Confucian model," Asia Pacific Journal of Management, Springer, vol. 36(2), pages 415-444, June.
    12. Chao C. Chen & Ali F. Ünal & Kwok Leung & Katherine R. Xin, 2016. "Group harmony in the workplace: Conception, measurement, and validation," Asia Pacific Journal of Management, Springer, vol. 33(4), pages 903-934, December.
    13. Mike W. Peng & Yuan Li & Longwei Tian, 2016. "Tian-ren-he-yi strategy: An Eastern perspective," Asia Pacific Journal of Management, Springer, vol. 33(3), pages 695-722, September.
    14. Tsoutsos, Theocharis & Tournaki, Stavroula & Gkouskos, Zacharias & Masson, Gaetan & Holden, John & Huidobro, Ana & Stoykova, Evelina & Rata, Camelia & Bacan, Andro & Maxoulis, Christos & Charalambous,, 2013. "Training and certification of PV installers in Europe," Energy Policy, Elsevier, vol. 55(C), pages 593-601.
    15. Horak, Sven, 2013. "Cross-cultural experimental economics and indigenous management research: Issues and contributions," Working Papers on East Asian Studies 92/2013, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    16. Xin Li & Li Ma, 2020. "Chinese management research needs self-confidence but not over-confidence," Asia Pacific Journal of Management, Springer, vol. 37(2), pages 481-498, June.
    17. Wenjin Dai & Jonathan Gosling & Annie Pye, 2020. "The Inclusiveness and Emptiness of Gong Qi: A Non-Anglophone Perspective on Ethics from a Sino-Japanese Corporation," Journal of Business Ethics, Springer, vol. 165(2), pages 277-293, August.
    18. Ming-Jer Chen, 2018. "Scholarship-practice “oneness” of an academic career: The entrepreneurial pursuit of an expansive view of management scholarship," Asia Pacific Journal of Management, Springer, vol. 35(4), pages 859-886, December.
    19. Bradley J. Koch & Pamela Tremain Koch & Yiheng Deng, 2023. "China and U.S. organizational culture via value statements: an emic-etic yin-yang approach," Asian Business & Management, Palgrave Macmillan, vol. 22(3), pages 1094-1130, July.
    20. Xin Li, 2019. "Is “Yin-Yang balancing” superior to ambidexterity as an approach to paradox management?," Asia Pacific Journal of Management, Springer, vol. 36(1), pages 17-32, March.

    More about this item

    Keywords

    Taxation; Donald Trump’s tax plan;

    JEL classification:

    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:ipu:wpaper:65. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Monica Bozzano (email available below). General contact details of provider: .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.