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Kyle Pomerleau: Growth benefit seen from eliminating taxes on saving and investment

Kyle Pomerleau: Growth benefit seen from eliminating taxes on saving and investment
Growth benefit from tax elimination

Kyle Pomerleau suggests that eliminating taxes on saving and investment produces a similar positive effect on economic growth as broadening the sales tax base.

He also points out that this approach can help avoid complications associated with expanding sales tax coverage.

Pomerleau has previously stressed that the average tax rate should guide analysis of capital income tax revenue. In another analysis, he argued that raising taxes in one area would likely lead to increases elsewhere. These views align with his focus on the practical effects of tax policy changes.

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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