Increased Pass-Through Business Tax Break Would Worsen Inequality Without Boosting Growth
The House plan would disproportionately benefit top earners and sacrifice significant federal revenue — without increasing GDP.
The House plan would disproportionately benefit top earners and sacrifice significant federal revenue — without increasing GDP.
New research shows that raising the top marginal income tax rate could reduce inequality and raise revenue without slowing economic growth.
Contrary to conventional wisdom, increasing capital gains tax rates could modestly improve economic growth by reducing national debt and making investment cheaper.