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280 IRET Congressional Advisory 1 (2011)

handle is hein.taxfoundation/iretcgadv0277 and id is 1 raw text is: INSTITUTE FOR RESEARCH ON THE ECONOMICS OF TAXATION IRET is a non-profit 501 (c)(3) economic policy research and educational organization devoted to informing the public about policies that will promote growth and efficient operation of the market economy. November 17, 2011 Advisory No. 280 Institute Tax Reform The Testimony of Stephen J. Entin President and Executive Director for Research on the Economics of Taxation before the Joint Economic Committee hearing on Options: What Changes Would Generate Greatest Growth For The Money November 17, 2011 Chairman Casey, Vice Chairman Brady, and Members of the Committee, my name is Stephen J. Entin. I am President of the Institute for Research on the Economics of Taxation. Thank you for the opportunity to testify today on the subject of tax changes that would generate the greatest growth for the economy while being affordable for the federal budget. I hope to address two issues in the hearing title. First, how do various tax changes affect the economy, people's employment opportunities, capital formation, and incomes? Second, what are the consequences for the federal budget of various types of tax changes? If we look only at the federal budget effects of tax proposals, and forget about the economic consequences, we will miss what is most important - the public welfare - and we will get the budget numbers wrong. ens. AlA S.. A * * gg~ I ~66 ~ee

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