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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
House Plan's Bad Math: Over-Estimates of Revenue from a Border Adjustment
An analysis of revenue projections for the proposed border adjustment tax.
April 24, 2017 5:35 pm (EST)
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- Current political and economic issues succinctly explained.
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One of the largest revenue raisers in the House Republicans’ framework for business tax reform is a “border adjustment.” However, projections of revenue from the border adjustment overstate revenue in two ways. The medium-term projections assume that there will be no or very limited avoidance of a border adjusted tax. The long-term revenue projections require an unrealistically large trade deficit. Download the full paper on the Social Science Research Network.
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