Why Taxes Affect Economic Growth


 

Publication Date: October 2002

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): William W. Beach

Research Area: Banking and finance; Economics

Keywords: Taxes; Economic growth

Type: Report

Abstract:

Tax policy stands at the center of our effort to get public policy right for economic growth. Tax policy mirrors our view of the role of government in everyday life and parallels the level of spending and the diversion of resources to the state. It reflects as well our opinions about the social worth of achievement and financial prudence and shapes our practice of the principle of equality before the law and equal access to due process.