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Journal Article

What Workers and Companies Should Know About the Republican Tax Bills

Eric Toder
December 14, 2017
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Abstract

The House and Senate just passed different versions of proposals to restructure the federal income tax. As of December 12, 2017, a House-Senate conference committee was reconciling the two bills.  The bills reduce the corporate tax rate to 20 percent, introduce a preference for income from pass-through businesses, reduce some business tax benefits, reform international tax rules, and make numerous changes in the individual income tax. The bills would increase the federal deficit and disproportionately benefit high-income taxpayers and may cause millions to lose health insurance coverage. They also include many provisions that are poorly understood and may have unintended consequences.

This article originally appeared in Harvard Business Review.

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Business Taxes Campaigns, Proposals, and Reforms Current legislative proposals Fundamental reform proposals
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  • Eric Toder
    Institute Fellow and Codirector, Tax Policy Center
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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