President Biden's focus on capital-gains taxes has highlighted concerns about the role of taxation in economic growth. “A rate increase this large would be expected to slow long-term growth. It’s not going to slow it by a substantial amount but I don’t think it’s insignificant,” public finance fellow John Diamond told the Wall Street Journal. “I don’t think it’s a story of just hey, we’re taxing the rich and no one else gets hurt by this.”
Diamond is the Edward A. and Hermena Hancock Kelly Fellow in Public Finance.
Kenneth B. Medlock III
May 13 2021 | Center for Energy Studies
May 13 2021 | Center for the Middle East