About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

103 IRET Policy Bulletin 1 (2011)

handle is hein.taxfoundation/iretpbul0062 and id is 1 raw text is: November 23, 2011 _ _ __ _No. 103 ECONOMIC CONSEQUENCES OF THE TAX POLICIES OF THE GEORGE H. W. BUSH AND BILL CLINTON ADMINISTRATIONS Introduction This paper estimates the long term effects of the tax policies of the George H. W. Bush and Bill Clinton Administrations on the U.S. economy and the federal budget. The estimates project the ultimate effects if the policies had remained in place long enough for all economic adjustments to be made. The tax bills of the period contained only a few changes that significantly altered production incentives at the margin. However, those few changes would have made a difference in economic performance. The tax changes of the Bush Administration would have trimmed GDP by about half a percent within five to ten years, relative tothen evrrelit e Chart 1 Changes in GDP Due To Tax Law Changes have achieved absent During George H. W. Bush the policy changes. And Bill Clinton Administrations The tax policies of President Clinton's 1.2% first term would 1% --- have cut 1.2 percentage points 0% from the GDP. His - second term policies -1% - would have raised GDP by about 1.2 -2% percent. (See Chart -2.1% 1 .) -3 %__ GHW Bush Clinton, Clinton, After a brief First Term Second Term description of the Source: Calculations by author theory behind the Institute for IRET is a non-profit, tax exempt 501(c)3 economic policy research and educational Research organization devoted to informing the public about policies that will promote on the economic growth and efficient operation of the market economy. Economics of 1710 Rhode Island Avenue, N.W., 11th Floor • Washington, D.C. 20036 Taxation (202) 463-1400 - Fax (202) 463-6199 - Internet www.iret.org

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most