Economist cautions on tax cut study | Arkansas Blog

Sunday, February 20, 2011

Economist cautions on tax cut study

Posted By on Sun, Feb 20, 2011 at 11:44 AM

Work by a UALR economist, Michael Pakko, was cited by Rep. Ed "Tax Cheat" Garner as he argued that the state over-estimated the revenue loss from his windfall capital gainst tax break for the wealthy.

Now comes Pakko, on his blog, to put a little distance from a definitive position on the impact of the tax break. He said he used Oklahoma numbers as part of a different estimating approach.


Which set of estimates is correct? Neither. There is a great deal of uncertainty associated with forecasting the impact of hypothetical policy changes. The estimates provided in my report should be viewed as an alternative that helps establish a plausible range of likely outcomes. I neither endorse nor oppose HB1002, but provide this analysis in the public interest.

The other great uncertainty — unsubstantiated wishful thinking with no research underpinnings is more like it — is the faith-based belief that giving rich people tax breaks will create jobs.

Tags: , , ,

From the ArkTimes store

Favorite

Comments (8)

Showing 1-8 of 8

Add a comment

 
Subscribe to this thread:
Showing 1-8 of 8

Add a comment

More by Max Brantley

Readers also liked…

Most Shared

  • In the margins

    A rediscovered violin concerto brings an oft-forgotten composer into the limelight.
  • Donald Trump is historically unpopular — and not necessarily where you think

    My colleagues John Ray and Jesse Bacon and I estimate, in the first analysis of its kind for the 2018 election season, that the president's waning popularity isn't limited to coastal cities and states. The erosion of his electoral coalition has spread to The Natural State, extending far beyond the college towns and urban centers that voted for Hillary Clinton in 2016. From El Dorado to Sherwood, Fayetteville to Hot Springs, the president's approval rating is waning.
  • Arkansans join House vote to gut Americans with Disabilities Act

    Despite fierce protests from disabled people, the U.S. House voted today, mostly on party lines, to make it harder to sue businesses for violating the Americans with Disabilities Act. Of course Arkansas congressmen were on the wrong side.

Most Viewed

  • Another Trump propagandist from Arkansas gets blasted

    If Sarah Huckabee Sanders is Donald Trump's Baghdad Barbie, spouting implausible statements in support of her boss in the style of Saddam's Baghdad Bob, then let's make El Dorado native Hogan Gidley Baghdad Ken.

Most Recent Comments

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation