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The Fiscal Cliff and the Dynamics of Income

Author

Listed:
  • Leslie McGranahan
  • Tom Nohel

Abstract

At the end of 2012, certain income tax policies were set to end and others to become effective. Central among these was the planned expiration of the 2001 and 2003 tax cuts (the ?Bush tax cuts?), which had been extended for two years in 2010.

Suggested Citation

  • Leslie McGranahan & Tom Nohel, 2014. "The Fiscal Cliff and the Dynamics of Income," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Apr.
    • Handle: RePEc:fip:fedhle:00006
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    File URL: http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2014/cflapril2014_321.pdf
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    Citations

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    Cited by:

    1. Ioannis N. Kallianiotis, 2015. "Economic Crises and the Substitution of Fiscal Policy by Monetary Policy," International Journal of Economics and Financial Issues, Econjournals, vol. 5(1), pages 44-68.
    2. Ioannis N. Kallianiotis, 2015. "The Optimal Taxation and the Current Tax System," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(3), pages 151-164, March.

    More about this item

    Keywords

    Income tax; Fiscal cliff;

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