The studies we cite all find that reductions in corporate taxation have important positive effects on economic growth.
Ultimately, we are confident that the estimates in our piece are closer to the mark and are at the same time broadly consistent with other estimates from empirical studies of effects of corporate tax changes on growth.
.. We state explicitly in the letter that the figure calculated on the basis of the OECD study is a long-run estimate (the OECD study estimates effects on GDP per capita, not GDP per se)... By this method, the proposed changes would raise long-run GDP per capita by approximately 1.8 percent... Robert J. Barro, Michael J. Boskin, John Cogan, Douglas Holtz-Eakin, Glenn Hubbard, Lawrence B. Lindsey, Harvey S. Rosen, George P. Shultz, John B. Taylor
Trump’s Fellow Travelers
Mr. Trump couldn’t have gotten as far as he has without the support, active or de facto, of many people who understand perfectly well what he is and what his election would mean, but have chosen not to take a stand.
Let’s start with the Republican political establishment, which is supporting Mr. Trump just as if he were a normal presidential nominee.
.. They know what kind of man they’re dealing with — but they are spending this election pretending that we’re having a serious discussion about policy, that a vote for Mr. Trump is simply a vote for lower marginal tax rates. And they should not be allowed to flush the fact of their Trump support down the memory hole when the election is behind us.
.. when Henry Kissinger and George Schultz piously declared that they were not going to endorse anyone, it was a profile in cowardice.
.. only a handful have risen to the occasion and been willing to say that if keeping him out of the White House is important, you need to vote for Mrs. Clinton.
.. A few seem to believe in the old doctrine of social fascism — better to see the center-left defeated by the hard right, because that sets the stage for a true progressive revolution. That worked out wonderfully in 1930s Germany.