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Hon. N. Gregory Mankiw
"The Warren tax may provide an incentive for high-wealth couples to divorce. Whereas a married couple could exempt $50 million of wealth from the tax, two unmarried partners could each exempt $50 million for a total of $100 million. Given the 2 percent tax rate, married couples could avoid $1 million per year in taxes by divorcing..."
ACCF Scholar N. Gregory Mankiw weighs in on Trump's
The business tax plan being promoted by President Trump, and its close cousin released by House leadership this week, start with a good idea but then descend into an unworkable mess. Fortunately, the flaws can be fixed, if policymakers are willing to be bold.
Michael T. Flynn, who briefly served as national security adviser, gave President Trump at least one piece of excellent advice. According to The Huffington Post, it was 3 a.m. when Mr. Flynn got a call from the president with an important question: Is it good for the economy to have a strong dollar or a weak one? Mr. Flynn, whose background is in the military rather than in macroeconomics, said he didn’t know. He suggested that the president ask an economist. Just so.