Via the IGM Forum:

Question B: A cut in federal income tax rates in the US right now would raise taxable income enough so that the annual total tax revenue would be higher within five years than without the tax cut.

Marianne Bertrand, Darrel Duffie, and Claudia Goldin are the disappointing “uncertain” votes out of the many responses to this question. They should listen to Ed Lazear:

This is the Laffer curve issue. There is little (if any) evidence that rates exceed revenue-maximizing levels. See Mankiw, Feldstein.

Or David Autor:

Not aware of any evidence in recent history where tax cuts actually raise revenue. Sorry, Laffer.

Or Michael Greenstone:

Or Kenneth Judd:

Or Anil Kashyup:

Or Pete Klenow:

Not enough time for capital to respond much (physical, human, technology), so it would require implausibly large labor supply elasticities.

Or Robert Hall

Or Austan Goolsbee:

There are many people who have an interest in making you believe otherwise, but tax cuts are inconsistent with deficit reduction  — they make the deficit problem worse.

This post originally appeared at Economist’s View and is posted with permission.