Question: In 2012 presidential candidate Mitt Romney proposed extending the cut

In 2012, presidential candidate Mitt Romney proposed extending the cut in marginal income tax rates passed during the Bush administration. Explain why theory alone cannot predict how labor supply would be affected if this proposal were implemented. If there were no political or legal impediments to doing so, how could you design an experimental study to estimate the impact of lower marginal tax rates on labor supply?

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  • CreatedMarch 25, 2015
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