Tax Policy and the Economy

Tax policy debates, generated by one of the most sweeping reforms of the federal income tax system since its inception, are certain to continue for years to come, providing a fertile field for economic research. This book is the third in a series of annual publications on tax policy and the economy initiated by the National Bureau of Economic Research and designed to convey research results in a way that is accessible to a wide body of lawyers, policymakers, and businesspeople involved in formulating tax policy.Volume 3 includes contributions by Douglas Bernaheim on the incentive effects of the corporate alternative minimum tax; James Poterba on venture capital and capital gains taxation; Daniel Feenberg and Jonathan Skinner on IRA saving; and by Martin Feldstein and Douglas Elmendorf and Lawrence Summers.