- The saving disincentives associated with the incometax and the UIMC could be avoided byadopting consumption taxes.
- The long-run fiscal imbalance is one of the mostpressing issues facing the United States.
- Demand stimulus cantemporarily boost jobs and output, but there is apayback in the form of lost jobs and output in thefuture.
On September 8, 2008, Tax Notes published the inaugural issue of the On the Margin column. Since the column's introduction, 35 articles, covering 279 Tax Notes pages (more than 200,000 words), have appeared. All of the articles are available at http://www.aei.org/onthemargin. Sixteen individuals have authored or coauthored articles. Because the American Enterprise Institute takes no policy positions as an institution, the views expressed in each article are solely those of the individual authors. As a result, articles have occasionally disagreed with each other, as noted below. All the articles, however, have sought to promote sound tax policy while paying close attention to the effects of taxes on incentives and the operation of the market.
The column's five-year anniversary offers an opportunity to look back at the articles and provide updates on related policy developments. Policymakers have disregarded the advice offered in many of the articles. They have acted in accord with the advice offered in some articles, although we obviously disclaim any causal relationship. Other articles have not offered specific recommendations. But every article has contributed to the tax policy debate.
For a complete listing of all On the Margin articles, please visit: www.aei.org/onthemargin/.