Thursday, September 4, 2008

More on Obama's Tax Plan Unsound Economics

Feldstein & Taylor explain why they think McCain's tax plan is based on better economics than Obama's. Liebman (who co-teaches a course with Feldstein in Harvard) replies to Feldstein & Taylor and defends Obama's tax plan, in part based on a statement by Hederman supposedly praising it (see Liebman's defense of Obama's tax plan in this post by Mankiw). In the same post, Hederman replies to Liebman and says that Liebman misinterpreted his statements, and that in fact Obama's tax plan leaves much to be desired.

PS: Liebman defends his statements in a new reply that appeared in Mankiw's post.

No comments: