Richard Evans

This study uses 2 #opensource models. OG-USA macroeconomic model of US fiscal policy and demographics (pslmodels.github.io/OG-USA) and Cost-of-Capital-Calculator microsimulation model of business investment incentives (ccc.pslmodels.org).

“Market economies are likely to underprovide innovation, primarily due to knowledge spillovers between firms…. In the short run, research and development tax credits and direct public funding seem the most effective.” (@NickBloom,
@johnvanreenen, @heidilwilliams, JEL, 2019)

Microeconomic and Macroeconomic Effects of Restoring full R&D Expense Deductibility in Section 174 We simulate the effects of restoring full R&D expense deductibility in Section 174 of the IRS business tax code. We find this reform significantly decreases marginal effective tax rates on business in...

All components of the #reconciliation bill are not created equal. Ike Brannon and I published this article today on the effects of restoring full #R&D expense deductibility. This reform is an incentive for #innovation and #growth that should be reinstated.
rickecon.substack.com/p/rdcredit2025

I gave evidence of Arkansas' current fiscal health, costs and benefits of moving to a flat state income tax, 100% bonus depreciation, repealing the franchise #tax, and cutting the #corporate income tax.

Arkansas Tax Policy: Past, Present, and Future - Believe In Arkansas Americans for Prosperity Foundation - Arkansas hosted the "Arkansas Tax Policy: Past, Present & Future" panel, where experts discussed past achievements, current challenges, and bold ideas for the...

I had a great time last week in Little Rock speaking at this AFP #Arkansas event with legislators and policy people. My main comments in the audio are from minutes 20-27. www.buzzsprout.com/1889847/epis...