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William Byrnes (Texas A&M) tax & compliance articles

Posts Tagged ‘tax policy’

The Macroeconomic Effects of the Bush Tax Cuts

Posted by William Byrnes on January 3, 2011

Why is this Topic Important to Wealth Managers? Discusses and examines some long-term implications on the economy, through a macroeconomic perspective, of the Bush Tax Cuts.  Examines financial data spanning over a decade to help wealth managers converse on current economic topics.

A recent report examined certain major economic indicators in relation to the Bush tax cuts.  These indicators, in total, showed a negative overall effect that the Bush tax cuts had on the economy.  The below chart presents common economic gauges before and after the tax cuts (which first occurred in 2001 and 2002).

To read this article excerpted above, please access www.AdvisorFYI.com

Posted in Tax Policy, Uncategorized | Tagged: , , , | Leave a Comment »

CBO Analysis Supports Extending Tax Cuts

Posted by William Byrnes on September 11, 2010

In the face of opposition by the Obama administration to extending the Bush tax cuts, analysis recently released by the Congressional Budget Office (CBO) supports extending the breaks for another few years. Douglas Elmendorf, director of the CBO, believes that eliminating the tax cuts in a stagnant economy may hamper growth, and that continuing the cuts beyond December 31st sets the stage for some economic recovery next year: “Under that … scenario, economic growth would be stronger next year; unemployment would be lower next year.”

Today’s analysis by our Experts Robert Bloink and William Byrnes is located at AdvisorFX Journal CBO Analysis Supports Extending Tax Cuts

Posted in Tax Policy, Uncategorized | Tagged: , | 1 Comment »

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