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What’s dumb about a windfall profits tax?

…very old theory of the firm which acts in shareholders interest and is not liquidity constrained. In that case, the tax is a tax on oil company shareholders who are…

Tale of Two Tax Cuts

…revenues grew faster after the 2003 tax-rate reductions than after the 2001 tax legislation, which included a tax rebate, a new refundable child tax credit, a minuscule 1-percentage-point income tax-rate…