Keuschnigg, Christian; Keuschnigg, Mirela - In: National Tax Journal 65 (2012) 2, pp. 357-85
costs of reform more evenly across generations. Deficit financing of the large revenue loss that occurs immediately after … reform allows the smoothing of wage tax rates over time and the elimination or reduction of short-run income losses … newly available after the enactment of a major tax reform. In shifting tax revenue from the future to the present, such …