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A Tale of Two Tax Cuts, a Wage Squeeze, and a Tax Credit

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  • Bartels, Larry M.

Abstract

Major developments in tax policy seem less affected by public preferences than by the ideological convictions of partisan elites. The Bush administration’s massive tax cuts attracted broad but quite superficial and seemingly confused public support. The estate tax flourished for decades despite considerable public antipathy, but was phased out within five months after Republicans captured the presidency and Congress in 2001. Meanwhile, the public has strongly and consistently favored increases in the minimum wage, but its real value has declined by 40 percent since 1968, while the Earned Income Tax Credit, which has much more tenuous public support, has expanded dramatically.

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  • Bartels, Larry M., 2006. "A Tale of Two Tax Cuts, a Wage Squeeze, and a Tax Credit," National Tax Journal, National Tax Association;National Tax Journal, vol. 59(3), pages 403-423, September.
    • Handle: RePEc:ntj:journl:v:59:y:2006:i:3:p:403-23
    DOI: 10.17310/ntj.2006.3.01
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    References listed on IDEAS

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    1. Leigh Andrew, 2010. "Who Benefits from the Earned Income Tax Credit? Incidence among Recipients, Coworkers and Firms," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-43, May.
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    2. Lekfuangfu, Warn N. & Powdthavee, Nattavudh & Riyanto, Yohanes E., 2023. "Luck or rights? An experiment on preferences for redistribution following inheritance of opportunity," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 106(C).
    3. Chirvi, Malte & Schneider, Cornelius, 2019. "Stated preferences for capital taxation - tax design, misinformation and the role of partisanship," arqus Discussion Papers in Quantitative Tax Research 242, arqus - Arbeitskreis Quantitative Steuerlehre.
    4. Chirvi, Malte & Schneider, Cornelius, 2020. "Preferences for wealth taxation: Design, framing and the role of partisanship," arqus Discussion Papers in Quantitative Tax Research 260, arqus - Arbeitskreis Quantitative Steuerlehre.

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