Menon, Rahul

Income tax cuts and the macroeconomy - Economic & Political Weekly - 60(29), Jul 19, 2025: p.22-24

Exploring the possible impact of income tax cuts on the macroeconomy, it is shown that it is a suboptimal policy as compared to government expenditure. Furthermore, the contradiction between tax cuts on personal income and tax cuts on corporate profits announced in 2019 is examined; a contradiction that has not been analysed by those praising the government’s recent budgetary policies.- Reproduced

https://www.epw.in/journal/2025/29/commentary/income-tax-cuts-and-macroeconomy.html