http://jaredbernsteinblog.com/the-high-income-rate-increases-dont-lose-jobs/ Facts, Thoughts, and Commentary Wed, 22 May 2013 16:04:51 +0000 hourly 1 http://jaredbernsteinblog.com/the-high-income-rate-increases-dont-lose-jobs/#comment-340556 Jared Bernstein Sat, 10 Nov 2012 08:52:39 +0000 http://jaredbernsteinblog.com/?p=6988#comment-340556 Lots of data on that. In fact, that’s the mechanism by which these types of tax changes have small multipliers. An economist named Jonathan Parker has good research on that, as I recall…maybe google his stuff.

]]> http://jaredbernsteinblog.com/the-high-income-rate-increases-dont-lose-jobs/#comment-340517 Sue Sat, 10 Nov 2012 08:01:50 +0000 http://jaredbernsteinblog.com/?p=6988#comment-340517 In addition to claiming “job creation,” those who oppose restoring (NOT raising!) the high-income tax rates often claim that this will be a drag on demand. My intuition says this is not true and that the 1- and 2-percenters are already banking so much of their income that getting their tax rates back to Clinton-era levels wouldn’t much change their consumption. Is there any data on this? Thanks.

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