A new widespread immigrant amnesty would grow the wages of currently undocumented immigrants by 4%-5% — adding roughly $14 billion per year in labor market earnings, writes contributor Hugh Cassidy.
In an extension of an earlier analysis prepared for the American Action Forum, the authors use the Diamond-Zodrow computable general equilibrium model of the U.S. economy to simulate the macroeconomic effects of a 10-year fiscal plan financed by tax changes proposed by Joe Biden’s 2020 presidential campaign.
In this paper, authors examine the concerns raised by a new wealth tax and analyze the economic effects of the tax using a computable general equilibrium model.
John W. Diamond, George R. ZodrowSeptember 15, 2020
Public finance fellow John Diamond and Rice faculty scholar George Zodrow analyze the short- and long-term economic effects of a federal carbon tax in the United States.
A numerical simulation of the macroeconomic effects of the House Republican Tax Reform plan, using the Diamond-Zodrow model, suggests that its net macroeconomic effects would be positive.
As a result of the 2013 energy reform, oil and gas companies completing projects in Mexico must now meet mandatory requirements to utilize local goods and services suppliers.
The authors analyze the legislative framework in place to enforce the local content requirement and the economic implications of the policy.
Boko Haram may be reaching its bitter end in Nigeria as the the country's military, with the support of Niger, Cameroon, and Chad, plans a massive ground invasion of the insurgents’ long-controlled safe zone, the Sambisa Forest. Outgoing Nigerian President Goodluck Jonathan has refused the offer of the United Nations to send troops, expressing confidence in the regional Multinational Joint Task Force's (MNJTF) ability to rout Boko Haram before the May 29 handover to the new president. However, Boko Haram remains deadly as long as sharia is the precondition for political and economic gains to the Muslim north.
This paper examines the effects of a U.S. Supreme Court ruling that a one-time retroactive British “Windfall Tax” levied on 32 public utilities that were privatized between 1984 and 1996 was eligible for the US foreign tax credit (FTC). The decision could have far-reaching implications for the creditability of taxes that are not ordinarily thought to be income taxes, including various cash-flow business taxes that are key elements of several proposals recommending replacement of the income tax with a consumption-based tax.
Charles E. McLure, Jr., Jack Mintz, George R. ZodrowAugust 20, 2014
The positive effects of a corporate income tax reform in the United States might well be enhanced by a simultaneous move to a territorial system coupled with anti-base erosion provisions designed to limit revenue losses; however, the effects of implementing territoriality are tenuous and seem likely to be small in the aggregate. Published by the American Action Forum.
