The “Tax Cuts Causes Inflation Argument” is Old and Requires Examination

INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.

Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Alex Brill.

Price and Brill discuss the decades old argument that tax cuts cause inflation.  States around the country are looking at cutting taxes in order to be competitive or to provide relief against COVID.
A more nuanced review finds that some tax cuts do lead to higher prices, others have the exact opposite impact. This conversation shows the factors that make the difference.

According to the American Enterprise Institute, “Alex Brill is a resident fellow at the American Enterprise Institute (AEI), where he studies the impact of tax policy on the US economy as well as the fiscal, economic, and political consequences of tax, budget, health care, retirement security, and trade policies. He is the editor of Carbon Tax Policy: A Conservative Dialogue on Pro-Growth Opportunities. Before joining AEI, Brill served as the policy director and chief economist of the House Ways and Means Committee. Previously, he served on the staff of the White House Council of Economic Advisers. He has served on the staff of the President’s Fiscal Commission (Simpson-Bowles) and the Republican Platform Committee (2008). He is also the founder and CEO of the economic consulting firm Matrix Global Advisors (MGA). Brill has an MA in mathematical finance from Boston University and a BA in economics from Tufts University.”

LISTEN TO THE INTERVIEW IN ITS ENTIRETY HERE

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