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Revenue could reach $2 trillion over ten years, Kyle Pomerleau says

Revenue could reach $2 trillion over ten years, Kyle Pomerleau says
Revenue forecast nears $2 trillion

Kyle Pomerleau comments on revenue projections based on Saez and Zucman's preferred elasticity figure of -8 for 2019, which he notes is at the lower end found in the literature.

He adds that this calculation does not factor in other effects such as existing evasion or interaction with income tax offsets, suggesting the total raised should be closer to $2 trillion over a ten-year period.

Pomerleau’s perspective on revenue projections reflects a broader pattern in his analyses, including his assessment of how the capital gains exclusion shields most homeowners from substantial tax liability and his careful scrutiny of definitions underlying excess savings and the U.S. trade deficit. These consistent themes underscore the complexity of fiscal policy and the importance of nuanced economic interpretation.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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