Tag Archive: Tax Myths Debunked
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Myth of the Day: Income Distribution is Increasingly Inequitable
Andrew Bender | April 24, 2013 | Add a commentOne of the most prevalent claims, voiced particularly loudly by progressive groups, is that the United States has become a nation of have’s and have-not’s. Progressives rely heavily on graphs like the one below to show that the top earners in America have enjoyed greater and greater wealth, while the … »
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Myth of the Day: Lower Tax Rates are Bad for the Economy
Our blog post on Myth #1 explained why it is untrue to assume that increased government spending (economic stimulus proposals in particular) leads to increased economic growth. Today’s myth strikes at a related assumption: lower tax rates are bad for the economy in a recession and always lead to lower … »
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Myth of the Day: Austerity in the Form of Spending Cuts Will Harm Growth and Employment
Will Freeland | March 1, 2013 | 1 CommentThe recent debates in state and federal government regarding overspending and massive deficits during a period when the economy is sluggish makes this fiscal policy myth particularly timely. Today’s myth directly addresses hand-wringing over budget cuts during a recession. Dr. Fruits and Dr. Pozdena, co-authors of Tax Myths Debunked, detail … »
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Center on Budget and Policy Priorities: Long on Opinion, Short on Research
ALEC Blog Team | February 20, 2013 | Add a commentThe Left-wing Center for Budget and Policy Priorities (CBPP) is out with a new essay attacking the economic basis for low tax, free-market, limited government policy proposals like those laid out in Rich States, Poor States. In reality, CBPP’s paper is a case study in poor research methods, self-referentialism, and confirmation bias. The … »
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Myth of the Day: Increased government spending stimulates the economy during recessions
As state legislatures consider fundamental tax reform this session, ALEC’s Center for State Fiscal Reform recently released Tax Myths Debunked, a study that clarifies seven main misconceptions about tax policy. Co-authors Dr. Pozdena, former vice president of research at the Federal Reserve Bank of San Francisco, and Dr. Fruits use overwhelming evidence to confirm that … »
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ALEC Releases New Report: Tax Myths Debunked
ALEC Blog Team | February 6, 2013 | Add a commentAcross the country, states are seeking new ways to become more competitive and enhance economic growth. Unfortunately, economic prosperity can be elusive, as some “well-known” policy prescriptions fail to deliver the growth that they promise. Unfortunately, misconceptions about taxes are all too prevalent in public policy debates. ALEC’s newest report, … »
