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Phased-In Tax Cuts and Economic Activity

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NBER2004-04-01 更新2025-01-04 收录
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Phased-in tax reductions are a common feature of tax legislation. This paper uses a dynamic general equilibrium model to quantify the effects of delaying tax cuts. According to the analysis of the model, the phased-in tax cuts of the 2001 tax law substantially reduced employment, output, and

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2004-04-01
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