Inequality and Tax Policy

  • Title:

    Inequality and Tax Policy
  • Edited By:

    Kevin A. Hassett,
  • Edited By:

    Kevin A. Hassett
  • Format:

    Paperback
  • Paperback Price:

    20.00
  • Paperback ISBN:

    0844741442
  • Paperback Dimensions:

    8.75'' x 6''
  • 300 Paperback pages
  • Hardcover Price:

    40.00
  • Hardcover ISBN:

    0844741434
  • Buy the Book

Click here to view the full book as an Adobe PDF.

Or read by chapter:

Chapter 1: Inequality, Growth, and Investment
Chapter 2: Tax Policy and Horizontal Equity
Chapter 3: Entrepreneurial Saving Decisions and Wealth Inequality
Chapter 4: The U.S. Fiscal System as an Opportunity-Equalizing Device
Chapter 5: Balanced-Budget Restraint in Taxing Income from Wealth in the Ramsey Model
Chapter 6: Growing Inequality and Increased Tax Progressivity

 

Inequality has become a hot political issue, but there has been little accessible analysis by professional economists on equity issues in tax reform. Inequality and Tax Policy addresses those very issues. Drawing from the most current research, leading specialists in public finance, macroeconomics, and political economy explore key interactions among policy, inequality, and the economy.

Seven essays cover many different aspects of inequality: the interactions between inequality and economic growth, the impact of inequality on program evaluation, how one can measure fairness in the treatment of similarly situated taxpayers, the role of high-income entrepreneurs in wealth creation, and how attempts to redistribute income affect the behavior of taxpayers. Two central questions animate the analysis in Inequality and Tax Policy: What is the philosophical justification for progressive taxation? Is redistribution less desirable or effective in achieving social goals in an increasingly affluent society?

The contributors to Inequality and Tax Policy offer their assessments of whether the current tax system is successfully achieving redistribution and whether the results would be worse under a flat tax.

Inequality and Tax Policy will provide much-needed guidance and some surprising conclusions to economists, policymakers, lawyers, businesspeople, and anyone with an interest in inequality or the U.S. tax system.

 

Kevin A. Hassett is a resident scholar at AEI and coauthor with James K. Glassman of Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market (Times Books, 1999).

R. Glenn Hubbard is a visiting scholar and director of the tax reform project at AEI and the Russell L. Carson Professor of Economics and Finance at Columbia University.

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About the Author

 

Robert J.
Barro
  • Currently a professor of economics at Harvard University and a research associate of the National Bureau of Economic Research, Robert Barro is also coeditor of Harvard's Quarterly Journal of Economics. Mr. Barro has written extensively on macroeconomics and economic growth, and his research topics include empirical determinants of economic growth, the economic effects of public debt and budget deficits, as well as the formation of monetary policy. His current work focuses on two very different topics: the interplay between religion and political economy and the impact of rare disasters on asset markets. While at AEI, Mr. Barro will be exploring the effects of the stimulus bill on the U.S. economy.

  • Phone: 2028625903
    Email: robert.barro@aei.org
  • Assistant Info

    Name: Greg Lane
    Phone: 2028624879
    Email: greg.lane@aei.org

 

Casey B.
Mulligan

 

R. Glenn
Hubbard
  • Glenn Hubbard, a former chairman of the President's Council of Economic Advisers, is currently the dean of Columbia Business School. He specializes in public and corporate finance and financial markets and institutions. He has written more than ninety articles and books, including two textbooks, on corporate finance, investment decisions, banking, energy economics, and public policy. He has served as a deputy assistant secretary at the U.S. Treasury Department and as a consultant to, among others, the Federal Reserve Board and the Federal Reserve Bank of New York.
  • Assistant Info

    Name: Brittany Pineros
    Email: brittany.pineros@aei.org

 

Kevin A.
Hassett
  • Kevin A. Hassett is the State Farm James Q. Wilson Chair in American Politics and Culture at the American Enterprise Institute (AEI). He is also a resident scholar and AEI's director of economic policy studies.



    Before joining AEI, Hassett was a senior economist at the Board of Governors of the Federal Reserve System and an associate professor of economics and finance at Columbia (University) Business School. He served as a policy consultant to the US Department of the Treasury during the George H. W. Bush and Bill Clinton administrations.

    Hassett has also been an economic adviser to presidential candidates since 2000, when he became the chief economic adviser to Senator John McCain during that year's presidential primaries. He served as an economic adviser to the George W. Bush 2004 presidential campaign, a senior economic adviser to the McCain 2008 presidential campaign, and an economic adviser to the Mitt Romney 2012 presidential campaign.

    Hassett is the author or editor of many books, among them "Rethinking Competitiveness" (2012), "Toward Fundamental Tax Reform" (2005), "Bubbleology: The New Science of Stock Market Winners and Losers" (2002), and "Inequality and Tax Policy" (2001). He is also a columnist for National Review and has written for Bloomberg.

    Hassett frequently appears on Bloomberg radio and TV, CNBC, CNN, Fox News Channel, NPR, and "PBS NewsHour," among others. He is also often quoted by, and his opinion pieces have been published in, the Los Angeles Times, The New York Times, The Wall Street Journal, and The Washington Post.

    Hassett has a Ph.D. in economics from the University of Pennsylvania and a B.A. in economics from Swarthmore College.

  • Phone: 202-862-7157
    Email: khassett@aei.org
  • Assistant Info

    Name: Emma Bennett
    Phone: 202-862-5862
    Email: emma.bennett@aei.org

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