Kim Clausing (UCLA) has an analysis of the US Presidential Election 2024:
Consequences for Fiscal Policy, via the CESifo information network's EconPolForum journal here. Some portions of the abstract/summary:
- The Trump Administration consistently enacted tax policies that make the tax system less progressive, giving disproportionate tax cuts to those at the top of the income distribution; candidate Trump has proposed multiple new policies that would move in the same regressive direction. The Biden-Harris Administration has consistently proposed (and in some cases, enacted) tax policies that would make the tax system more progressive
- A potential Harris Administration is more likely to prioritize strengthening corporate taxation, addressing climate change, and fully funding the IRS. In contrast, a possible second Trump Administration is more likely to lower corporate taxes, reduce IRS funding, and back away from climate change commitments.
Read the full report here.
H/T Francine Lipman