Financial Transactions Taxes: Potential Revenue and Economic Implications

Dean Baker

Challenge, 2017, vol. 60, issue 2, 141-170

Abstract: Given Donald Trump’s extreme income tax–cut proposal, even useful tax hikes may not be likely. But down the road, there may be a call for higher taxes again to support social policies and manage, in the minds of Republican sponsors of tax cuts, a bulging deficit. This economist argues that a financial transactions tax can both rein in financial excesses and raise significant revenues. Computing the benefits is not easy, and we present his full analysis, which we think is a significant contribution.

Date: 2017
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DOI: 10.1080/05775132.2016.1272964

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