Modern economic theoryandempirical evidence including a series of papers by one of us (Hassett) and Alan Auerbach of the University of California, Berkeley show that raising taxes on dividends at the individual level increases the cost of equity capital and lowers asset prices, harming consumers while hindering firms' ability to hire workers.
He has published over 70 theoretical empiricaland policy papers on international macroeconomic issues and co-authored the books Political Cycles: TheoryandEvidenceand Bailouts or Bail-ins?