Taxes as pandemic controls Ashley C. Craig and James R. Hines
By: Craig, Ashley C
.
Contributor(s): Hines, James Rodger.
Material type: 
ArticlePublisher: 2020Subject(s): PANDEMIAS | CORONAVIRUS | POLITICA FISCAL | IMPUESTOS | EXTERNALIDADES | INGRESOS FISCALES | ESTADOS UNIDOS
In:
National Tax Journal v. 73, n. 4, December 2020, p. 969-989Summary: Tax policy can play important roles in limiting the spread of communicable disease and in managing the economic fallout of a pandemic. Taxes on business activities that bring workers or customers into close contact with each other offer efficient alternatives to broad regulatory measures, such as shutdowns, that have been effective but enormously costly. Corrective taxation also helps raise the revenue required to cover elevated government expenditure during a pandemic. Moreover, the restricted consumer choice that accompanies a pandemic reduces the welfare cost of raising tax revenue from higher-income taxpayers, making it a good time for deficit closure. Current U.S. tax measures serve some of these functions, but additional measures could further limit the spread of disease while also addressing government budget deficits.
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| OP 233/2020/4-12 A universal EITC | OP 233/2020/4-13 Does the Federal Income Tax Law favor entrepreneurs? | OP 233/2020/4-14 Profit shifting before and after the Tax Cuts and Jobs Act | OP 233/2020/4-2 Taxes as pandemic controls | OP 233/2020/4-3 Effective tax rates by income and wealth class | OP 233/2020/4-4 U.S. tax progressivity and redistribution | OP 233/2020/4-5 Taxing book profits |
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Tax policy can play important roles in limiting the spread of communicable disease and in managing the economic fallout of a pandemic. Taxes on business activities that bring workers or customers into close contact with each other offer efficient alternatives to broad regulatory measures, such as shutdowns, that have been effective but enormously costly. Corrective taxation also helps raise the revenue required to cover elevated government expenditure during a pandemic. Moreover, the restricted consumer choice that accompanies a pandemic reduces the welfare cost of raising tax revenue from higher-income taxpayers, making it a good time for deficit closure. Current U.S. tax measures serve some of these functions, but additional measures could further limit the spread of disease while also addressing government budget deficits.
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