Number: RS20495
Title: CAN TAX POLICY IMPROVE ECONOMIC COMPETITIVENESS?
Authors: David L. Brumbaugh, Government and Finance Division 
Abstract: Perspectives on international competitiveness differ, so it's not surprising that tax proposals for improving competitiveness vary also. But economics is famous for being "the dismal science," and its reputation is well-deserved in this case: regardless of how competitiveness is defined, economic analysis suggests that most tax measures can do little to enhance it. Indeed, many of the tax provisions designed to improve U.S. performance in the world economy could actually reduce U.S. economic welfare.
Pages: 4
Date: Updated March 13, 2000