Word: taxed
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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...
Under the new plan, the government will increase spending on infrastructure to try to boost the nation’s shrinking gross domestic product. In addition, the package provides tax rebates to consumers in an attempt to bolster spending...
...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...