Found 88 article(s) for author 'Martin Feldstein'

Surveillance: Feldstein Sees Capital Inflows if Tax Bill Passes

Surveillance: Feldstein Sees Capital Inflows if Tax Bill Passes. Martin Feldstein, December 6, 2017, Audio, “Martin Feldstein, Harvard University George F. Baker Professor of Economics, says now is the time for tax reform because the politics are right. Henry Olsen, EPPC Senior Fellow, says President Trump needs to recover his populist mojo. Matt Hornbach, Morgan Stanley Global Head of Interest Rates Strategy, says it’s time for the next bond market phase. Michael Chui, McKinsey & Co. Senior Fellow, says there is enough work for people to do, even with the increased use of robots.Link

Tags: , , , ,

Cutting US Corporate Tax Is Worth the Cost

Cutting US Corporate Tax Is Worth the Cost. Martin Feldstein, November 27, 2017, Opinion, “One of the main criticisms leveled at congressional Republicans’ proposal to cut corporate taxes is that a higher budget deficit would amount to an undesirable fiscal stimulus. But with monetary policy turning contractionary, and most experts predicting a US recession in the next five years, stimulus should be welcomed.Link

Tags: , , , ,

Europe’s Economic Dilemma

Europe’s Economic Dilemma. Martin Feldstein, October 30, 2017, Opinion, “The European Central Bank deserves credit for the economic improvements that have occurred in the past few years. But the ECB’s policies also mean that the eurozone has no ammunition left to fight the next recession, because interest rates cannot be reduced further and fiscal policy remains in the hands of national governments.” Link

Tags: , , , ,

The International Consequences of US Tax Reform

The International Consequences of US Tax Reform. Martin Feldstein, September 27, 2017, Opinion, “The proposed shift to a territorial tax system is likely to have far-reaching effects on US corporations’ behavior. But that change, together with a reduction in the 35% corporate-tax rate, could trigger another round of tax reform among developed countries seeking to improve their attractiveness to internationally mobile capital.Link

Tags: , , , , ,

The Tax Reform Agenda

The Tax Reform Agenda. Martin Feldstein, September 26, 2017, Opinion, “The good news about our tax system is that, over the years, our tax rules have been getting better. Those who write the tax laws have been listening to the advice of economists — or at least what they have been doing for other reasons is in line with what economists have advised.  High tax rates that distort incentives and create large deadweight losses have been reduced: the top marginal rate of the personal income tax has come down from 92 percent to 40 percent now, and the corporate tax rate has come down from 50 percent to 35 percent. It has been possible to lower rates in that way by eliminating a variety of tax loopholes, i.e., tax accounting rules that allow taxable income to be less than economic income. So we have a less distorting — a more efficient — tax system than we did in the past.Link

Tags: , , ,

We’re Richer Than We Realize

We’re Richer Than We Realize. Martin Feldstein, September 8, 2017, Opinion, “Government statistics paint an excessively grim picture of what is happening to real wages and the growth of real national income. Although most households’ take-home cash has been rising very slowly for decades, their standard of living is increasing more..Link

Tags: , , ,

Tax Reform and Budget Deficits in America

Tax Reform and Budget Deficits in America. Martin Feldstein, August 29, 2017, Opinion, “Republican leaders in the US House of Representatives have been at work for more than a year designing a major reform of personal and corporate taxes. Although the changes may widen the budget deficit in the short term, the incentive effects of lower rates will boost economic growth, implying lower long-term deficits.Link

Tags: , , , ,

Does Addressing Bilateral Trade Imbalances Work?

Does Addressing Bilateral Trade Imbalances Work? Martin Feldstein, June 27, 2017, Opinion, “Politicians and economists view trade imbalances very differently. Consider the United States’ trade deficit. Economists emphasize that the total US trade deficit with the rest of the world is the result of policies and actions at home. Simply put, if the US invests more than the country as a whole saves, it must import the difference from the rest of the world, creating the existing trade deficit.” Link

Tags: , ,

No Idea What Trump Means by Reciprocal Tax

No Idea What Trump Means by Reciprocal Tax. Martin Feldstein, May 3, 2017, Video, “Martin Feldstein, professor of economics at Harvard University, discusses his thoughts on tax policy and the Trump administration. He speaks with Bloomberg’s David Westin and Jonathan Ferro on “Bloomberg Daybreak: Americas.” (Source: Bloomberg)” Two Parts –  Link  1 “Reciprocal Tax” Link 2 – “Big Issue is Tax Reform

Tags: , , , , , ,