Forbes: Tax Foundation Model Favoring Cruz Doubted By Many Economists
media mention“Carl Davis of the Institute on Taxation and Economic Policy wrote me that the Tax Foundation’s assumption that capital is extremely sensitive to taxes is supported by some economists but not others making me sympathetic with Harry Truman’s famous desire for a “one handed economist”. He gave me several links, but the one I found most interesting was this article Capital Gains Tax Rates, Stock Markets, and Growth by Tony Kravitz and Leonard Burman. What is interesting about it is that it is empirical.”