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Full-Text Articles in Law
Carbon Tax, Health Care Tax, Bank Tax, And Other Regulatory Taxes, Reuven S. Avi-Yonah
Carbon Tax, Health Care Tax, Bank Tax, And Other Regulatory Taxes, Reuven S. Avi-Yonah
Book Chapters
The momentous decision of the U.S. Supreme Court to uphold the constitutionality of the Patient Protection and Affordable Health Care Act (PPACA) took sides in a long-running dispute about whether taxation can legitimately be used for purposes other than raising revenue for the government. The context was the imposition by Congress of a monetary penalty on individuals who refuse to buy health insurance. Opponents of the Act argued that calling this levy a tax added nothing to its constitutional validity since "the noncompliance penalty . .. does not meet the historical criteria for a tax" because "the clear purpose of …
Carrots, Sticks, And Salience, Brian Galle
Carrots, Sticks, And Salience, Brian Galle
Georgetown Law Faculty Publications and Other Works
This Article considers the second-best design of Pigouvian taxes and subsidies in the presence of agents who are imperfectly aware of the instrument. Until very recently, the price instrument literature has assumed perfect rationality, and even the handful of prior attempts to account for “hidden” prices focus mainly on the income tax. I extend these efforts in several directions. First, I show that the best available instrument for correcting negative externalities is often one whose price is partially adjusted upwards -- or, in the case of subsidies, downwards -- to counter-act the neglect of irrational actors. In addition, I argue …