Tax Policy and the Economy, Vol. 3

Tax policy debates, generated by one of the most sweeping reforms of the federal income tax system since its inception, are certain to continue for years to come, providing a fertile field for economic research. This book is the third in a series of annual publications on tax policy and the economy initiated by the National Bureau of Economic Research and designed to convey research results in a way that is accessible to a wide body of lawyers, policymakers, and businesspeople involved in formulating tax policy.Volume 3 includes contributions by Douglas Bernaheim on the incentive effects of the corporate alternative minimum tax; James Poterba on venture capital and capital gains taxation; Daniel Feenberg and Jonathan Skinner on IRA saving; and by Martin Feldstein and Douglas Elmendorf and Lawrence Summers.Lawrence H. Summers is Professor of Economics at Harvard University and Research Associate at the National Bureau of Economic Research.