New economic research shows why lower tax rates do far more to spur growth - GoFuckYourself.com

stillsexy · 12-01-2010, 12:09 PM

Former Obama adviser Christina Romer and David Romer of the University of California, Berkeley, estimate a tax-cut multiplier of 3.0, meaning $1 of lower taxes raises short-run output by $3. Messrs. Mountford and Uhlig show that substantial tax cuts had a far larger impact on output and employment than spending increases, with a multiplier up to 5.0

multiplier???

interesting read:
why-spending-stimulus-failed

IllTestYourGirls · 12-01-2010, 12:29 PM

Interesting. A former Obama adviser and Berkeley study came up with that. The study also states the tax cuts need to be big for it to work. Not those silly tax rebates, but real tax cuts.

Moose · 12-01-2010, 12:37 PM

Thats just silly. We all know taking more money from the citizens who earn it is what spurs growth.

fatfoo · 12-01-2010, 02:36 PM

A higher tax rate would slow down growth of a business.

PornMD · 12-01-2010, 02:38 PM

Quote:

Originally Posted by Moose

Thats just silly. We all know taking more money from the citizens who earn it is what spurs growth.

Butbutbut...the government needs your money to continue fighting unnecessary wars.

minicivan · 12-01-2010, 03:18 PM

Quote:

Originally Posted by PornMD

Butbutbut...the government needs your money to continue fighting unnecessary wars.

If they would cut taxes Obama could attack North Korea

TheDoc · 12-01-2010, 03:24 PM

Thank god we have one of the lowest tax rates in history right now then... must be one of the reasons things are turning around.

minicivan · 12-01-2010, 03:25 PM

http://online.wsj.com/article/SB1000...256446822.html

"By contrast, the last two major tax cuts?President Reagan's in 1981-83 and President George W. Bush's in 2003?boosted growth. They lowered marginal tax rates and were longer lasting, both keys to success. In a survey of fiscal policy changes in the OECD over the past four decades, Harvard's Albert Alesina and Silvia Ardagna conclude that tax cuts have been far more likely to increase growth than has more spending.

Former Obama adviser Christina Romer and David Romer of the University of California, Berkeley, estimate a tax-cut multiplier of 3.0, meaning $1 of lower taxes raises short-run output by $3. Messrs. Mountford and Uhlig show that substantial tax cuts had a far larger impact on output and employment than spending increases, with a multiplier up to 5.0.

Conversely, a tax increase is very damaging. Mr. Barro and Bain Capital's Charles Redlick estimate large negative effects of increased marginal tax rates on GDP. The best stimulus now is to stop the impending tax hikes. Mr. Alesina and Ms. Ardagna also conclude that spending cuts are more likely to reduce deficits and debt-to-GDP ratios, and less likely to cause recessions, than are tax increases."

minicivan · 12-01-2010, 03:26 PM

Quote:

Originally Posted by TheDoc

Thank god we have one of the lowest tax rates in history right now then... must be one of the reasons things are turning around.

edit.. waste of pixels

12-02-2010, 12:59 AM

Can't believe nobody figured out that this is the 1 millionth thread on GFY!

http://www.gfy.com/fucking-around-and-business-discussion/1000000-economic-research-lower-tax-rates-spur-growth.html

PornMD · 12-02-2010, 01:01 AM

Quote:

Originally Posted by Equinox

Can't believe nobody figured out that this is the 1 millionth thread on GFY!

http://www.gfy.com/fucking-around-and-business-discussion/1000000-economic-research-lower-tax-rates-spur-growth.html

Oh shnap! Good eye - I completely missed it. Holy fuck that's a lot of threads!

C H R I S · 12-02-2010, 01:15 AM

1,000,000 Threads!!

adonthenet · 12-02-2010, 01:17 AM

The 1,000,000 Thread!

YDG · 12-02-2010, 03:52 AM

Congrats on posting the 1 millionth thread. You should get a prize

TheDoc · 12-02-2010, 05:58 AM

Quote:

Originally Posted by minicivan

edit.. waste of pixels

You do realize the article you posted says more or less tax cuts isn't going to do a damn thing... Any other brilliant shit you wish to say?

12-02-2010, 06:27 AM

tell that to the british government 40-50% tax rates my arse!

stillsexy · 12-04-2010, 01:19 AM

Quote:

Originally Posted by YDG

Congrats on posting the 1 millionth thread. You should get a prize

No one contacts me so far? How could I claim a prize from gfy? Im so excited.

12-01-2010, 12:09 PM	#1
stillsexy Confirmed User Join Date: Dec 2006 Posts: 1,913	New economic research shows why lower tax rates do far more to spur growth Former Obama adviser Christina Romer and David Romer of the University of California, Berkeley, estimate a tax-cut multiplier of 3.0, meaning $1 of lower taxes raises short-run output by $3. Messrs. Mountford and Uhlig show that substantial tax cuts had a far larger impact on output and employment than spending increases, with a multiplier up to 5.0 multiplier??? interesting read: why-spending-stimulus-failed __________________

12-01-2010, 12:29 PM	#2
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	Interesting. A former Obama adviser and Berkeley study came up with that. The study also states the tax cuts need to be big for it to work. Not those silly tax rebates, but real tax cuts. __________________

12-01-2010, 02:36 PM	#4
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	A higher tax rate would slow down growth of a business. __________________ Send me an email: [email protected]

12-01-2010, 03:24 PM	#7
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	Thank god we have one of the lowest tax rates in history right now then... must be one of the reasons things are turning around. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

12-02-2010, 01:15 AM	#12
C H R I S Too lazy to set a custom title Industry Role: Join Date: Nov 2005 Location: Marina Del Rey Posts: 10,842	1,000,000 Threads!! __________________ C H R I S Retired Porn Veteran BH4L

12-01-2010, 12:37 PM	#3
Moose Confirmed User Join Date: Feb 2001 Location: Here Posts: 1,548	Thats just silly. We all know taking more money from the citizens who earn it is what spurs growth.

12-01-2010, 03:25 PM	#8
minicivan Confirmed User Join Date: Jun 2007 Posts: 943	http://online.wsj.com/article/SB1000...256446822.html "By contrast, the last two major tax cuts?President Reagan's in 1981-83 and President George W. Bush's in 2003?boosted growth. They lowered marginal tax rates and were longer lasting, both keys to success. In a survey of fiscal policy changes in the OECD over the past four decades, Harvard's Albert Alesina and Silvia Ardagna conclude that tax cuts have been far more likely to increase growth than has more spending. Former Obama adviser Christina Romer and David Romer of the University of California, Berkeley, estimate a tax-cut multiplier of 3.0, meaning $1 of lower taxes raises short-run output by $3. Messrs. Mountford and Uhlig show that substantial tax cuts had a far larger impact on output and employment than spending increases, with a multiplier up to 5.0. Conversely, a tax increase is very damaging. Mr. Barro and Bain Capital's Charles Redlick estimate large negative effects of increased marginal tax rates on GDP. The best stimulus now is to stop the impending tax hikes. Mr. Alesina and Ms. Ardagna also conclude that spending cuts are more likely to reduce deficits and debt-to-GDP ratios, and less likely to cause recessions, than are tax increases."

12-02-2010, 12:59 AM	#10
X37375787 Guest Posts: n/a	Can't believe nobody figured out that this is the 1 millionth thread on GFY! http://www.gfy.com/fucking-around-and-business-discussion/1000000-economic-research-lower-tax-rates-spur-growth.html

12-02-2010, 01:17 AM	#13
adonthenet Too lazy to set a custom title Join Date: Feb 2005 Posts: 16,753	The 1,000,000 Thread!

12-02-2010, 03:52 AM	#14
YDG Confirmed User Industry Role: Join Date: Nov 2001 Location: The Dordogne Posts: 1,614	Congrats on posting the 1 millionth thread. You should get a prize __________________ Promote the webs Highest Rated Teen Paysite TeenDreams.com. #1 Teen Paysite at almost every review site on the internet. Over 4,500 FHG's and 100's of Hosted Flash Movies and FLV dump Tool.

12-02-2010, 06:27 AM	#16
Altwebdesign Guest Posts: n/a	tell that to the british government 40-50% tax rates my arse!