Word: taxed
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Dates: during 2000-2009
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While Professor Philippe Aghion offered a more moderate view of the stimulus plan, he too voiced skepticism of the effectiveness of the tax cut in stimulating consumption...
...Wall Street Journal and a later interview with The Atlantic Magazine, economics professor Robert J. Barro attacked the package’s underlying principle that government spending is especially effective in boosting gross domestic product—arguing that tax cuts incentivize people to save, rather than consume or work, and that funneling money into building infrastructure may lead to the construction of “bridges to nowhere...
David I. Laibson, a professor in the department who specializes in behavioral economics, said tax cuts for low-income households will likely be spent in the first year, rather than in the first months after...
Aghion also said that tax cuts may ameliorate the financial situation of those hit by the recession...
There’s no doubt that a government mandate that each product list its carbon footprint would be ambitious, especially considering the cost and effort of the process. However, a tax credit could be offered to producers willing to publish their products’ quantitative effects on global warming. This would create incentives for many companies in the short run, and a new law could finish the job in the long...