economic growth

: TaxVox

(Not So) Happy Birthday to the Tax Cuts and Jobs Act

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA), the biggest tax overhaul in the United States in...

December 19, 2018William G. Gale

Federal Budget and Economy: TaxVox

The Post-TCJA Economy: Good News Mixed With Some Important Warning Signs

Tax Vox is continuing to track a set of economic indicators to see whether the Tax Cuts and Jobs Act has, in President Trump’s words,...

July 31, 2018Howard Gleckman Aravind Boddupalli

Federal Budget and Economy: TaxVox

Trump’s Trade and Immigration Policies Could Wipe Out Any Benefits Of The TCJA

President Trump and his allies in Congress promised that the Tax Cuts and Jobs Act (TCJA) would supercharge the US economy, leading to permanent annual...

June 1, 2018Howard Gleckman

Federal Budget and Economy: TaxVox

The Tax Cuts and Jobs Act Fell Short in a Variety of Ways, Analysts Argue

Participants at a May 23 event on the effects of the Tax Cuts and Jobs Act (TCJA) on economic growth broadly agreed that the 2017...

May 29, 2018Benjamin R. Page

Federal Budget and Economy: TaxVox

Does the Tax Cuts and Jobs Act Pass the Tests of Good Tax Policy?

On April 11, I testified before the congressional Joint Economic Committee on whether the Tax Cuts and Jobs Act (TCJA) will help Unleash… America’s Economic...

April 12, 2018Mark J. Mazur

Federal Budget and Economy: TaxVox

Five Take-Aways From CBO’s Budget Outlook

The headline from the updated budget and economic outlook released yesterday by the Congressional Budget Office was no surprise: The combination of the tax cuts...

April 10, 2018Howard Gleckman

: TaxVox

So Far, The TCJA Seems To Be A Modest Plus For The Economy, But Evidence Remains Limited

For all the hype about more take-home pay, new corporate investment, and bonuses in the wake of the Tax Cuts and Jobs Act (TCJA), what...

March 26, 2018Benjamin R. Page

: TaxVox

Comparing Estimates of the Macroeconomic Effects of Tax Policy: Growth Rates vs. Levels

In recent weeks, we have seen many different estimates of how the Tax Cuts and Jobs Act (TCJA) would affect the US economy. These projections...

December 14, 2017Benjamin R. Page

Campaigns, Proposals, and Reforms: TaxVox

TPC Finds The Senate Finance Panel’s Tax Cut Would Generate Little Economic Growth

The Senate Finance Committee version of the Tax Cuts and Jobs Act would increase Gross Domestic Product modestly until 2025, and by even less after...

December 1, 2017Howard Gleckman

: TaxVox

Current Tax Reform Bills Could Encourage US Jobs, Factories and Profits to Shift Overseas

The Tax Cut and Jobs Act (TCJA) that the Senate is debating this week would fundamentally change the way US-based multinational corporations are taxed on...

November 28, 2017Steven M. Rosenthal