EconPapers    
Economics at your fingertips  
 

Effects of a Federal Value-Added Tax on State and Local Government Budgets

Jim Nunns and Eric Toder

National Tax Journal, 2017, vol. 70, issue 3, 515-548

Abstract: A longstanding concern of state and local governments is that a federal value-added tax (VAT) could severely limit their reliance on sales taxes. But a federal VAT could have even larger effects on revenues from other sources and on spending through changes in incomes, relative prices, and asset values. To provide the plausible range of budgetary effects, we examine both a narrow- and comprehensive-based VAT, with consumer prices fully adjusting and not changing, over both short- and long-run time horizons. We find that the plausible range of effects includes an improvement in the fiscal position of states and localities.

Date: 2017
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.17310/ntj.2017.3.01 (text/html)
Access is restricted to subscribers and members of the National Tax Association.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:70:y:2017:i:3:p:515-548

Access Statistics for this article

National Tax Journal is currently edited by Stacy Dickert-Conlin and William M. Gentry

More articles in National Tax Journal from National Tax Association, National Tax Journal Contact information at EDIRC.
Bibliographic data for series maintained by The University of Chicago Press ().

 
Page updated 2023-06-15
Handle: RePEc:ntj:journl:v:70:y:2017:i:3:p:515-548