![Federal Reserve](https://taxfoundation.org/wp-content/uploads/2017/02/Fed-300x166.jpg)
All Related Articles
![Federal Reserve](https://taxfoundation.org/wp-content/uploads/2017/02/Fed-300x166.jpg)
![Renacci’s tax plan would reforming income tax code and the corporate income tax](https://taxfoundation.org/wp-content/uploads/2017/01/united_states_capitol_building-1-300x199.jpg)
![International Tax Crowding Out](https://taxfoundation.org/wp-content/uploads/2017/10/AdobeStock_51214957-e1529346452481-300x200.jpeg)
Time to Shoulder Aside “Crowding Out” As an Excuse Not to Do Tax Reform
This paper evaluates the arguments for and against “crowding out” and compares these arguments to empirical studies. It discusses the impact of tax changes on the allocation of national income between consumption and saving, and the allocation of saving between private investment and government deficits. It finds that the crowding out argument is largely based on a mistaken assumption about the flexibility and availability of saving and credit for the financing of government deficits and private investment.
31 min read![](https://taxfoundation.org/wp-content/uploads/2017/02/budgeting-300x169.jpg)
How a Longer Budget Window Helps and Doesn’t
Some federal lawmakers want a longer budget window to keep temporary tax cuts in place longer. However, temporary tax cuts would still have drawbacks and won’t provide the benefits of permanent tax reform.
5 min read![IRS State and Local Tax Deduction SALT Workaround, Federal income data, AGI](https://taxfoundation.org/wp-content/uploads/2015/11/IRS-300x157.jpg)
Budget Deal Includes IRS Changes
4 min read![corporate income taxes, income tax rates and brackets,](https://taxfoundation.org/wp-content/uploads/2017/01/corporate-300x225.jpg)
Taxes Up, Stocks Up, What Can Go Wrong?
2 min read![TCJA net operating losses TCJA NOL](https://taxfoundation.org/wp-content/uploads/2019/05/calculate-300x225.jpg)