Publisher's Synopsis
US Tax Reforms and Corporate Investment in the 1980s: Reality and Rhetoric clearly outlines one of the most confusing and controversial policy issues in the world today ? fiscal reform. From the Reagan administration to present times, one of the most vexing policy goals continues to be how to stimulate capital growth without increasing the budget deficit. Policies in the eighties were not successful in accomplishing this difficult task, but there are important lessons to be learned for the future policy makers of the 1990s. Here, evidence is presented not only on the weak connection between the tax cuts and investment growth during this period, but why the predicted investment growth failed to materialize. This book offers a healthy balance between qualitative policy analysis and econometric investigation to provide an in-depth and complete treatment of this crucial policy issue for both social scientists and the demanding public of today.
