UM: Taxes

The Christian Science Monitor reports on President Obama’s tax plan, and quotes UM economist Joel Slemrod: “[Obama's] proposal is to move back to top rates [that] the country had not that long ago, and it’s hard to find evidence that they had a noticeable deleterious effect on the economy. Having those tax rates then and knowing the economy did well doesn’t prove what the role of tax rates was. It could be true that performance would have been even better without them.” [Source]