Evaluating Effects of Tax Preferences on Health Care Spending and Federal Revenues

Cogan is the Leonard and Shirley Ely Senior Fellow at the Hoover Institution at Stanford University. Hubbard is Dean and Russell L. Carson Professor of Finance and Economics at the Graduate School of Business and Professor of Economics at Columbia University; and Research Associate of the National Bureau of Economic Research. Kessler is Professor of Business and Law at Stanford University, Senior Fellow at the Hoover Institution at Stanford University, and Research Associate of the National Bureau of Economic Research. This paper was prepared for the NBER Tax Policy and the Economy Conference, to be held in Washington, D.C., on September 14, 2006. We are grateful to Joe Antos, Doug Holtz-Eakin, Jim Poterba, and conference participants for helpful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.