Tax Policy Center

economic growth

: 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
Campaigns, Proposals, and Reforms: TaxVox

Taxes and Growth – A Cautionary Graph

The Trump Administration claims that the tax cut going through the House and Senate will significantly boost the overall growth rate of the U.S. economy...
November 28, 2017William G. Gale
Campaigns, Proposals, and Reforms: TaxVox

The House Version Of The TCJA Would Modestly Boost The Economy

The House-passed version of the Tax Cuts and Jobs Act (TCJA) would benefit the economy modestly over the next 20 years but by far less...
November 20, 2017Howard Gleckman
: TaxVox

Eight Thoughts on Business Tax Reform

Today I had the chance to testify before the Senate Finance Committee on business tax reform. Here are my opening remarks. You can find my...
September 19, 2017Donald Marron
Federal Budget and Economy: TaxVox

Tax Reform Affects The Level Of Economic Output -- Not The Long-Run Growth Rate

President Trump and his top economic advisers often argue that a major tax reform would permanently boost the nation’s economic growth rate to 3 percent...
September 18, 2017Benjamin R. Page
: TaxVox

The 3-2-1 on economic growth: Hope for 3, plan for 2, pray it isn’t 1

How fast will the US economy grow? When mainstream forecasters consult their crystal balls, they typically see real economic growth around 2 percent annually over...
August 10, 2017Donald Marron
Individual Taxes: TaxVox

TPC’s New Podcast, Taxology, Explores The Laffer Curve

If you want to get tax economists riled up, there’s no better topic than the “Laffer Curve.” Even after decades of controversy, it underlies many...
July 27, 2017Yifan Powers
State and Local Issues: TaxVox

What the Kansas Tax Cut About-Face Means

The tax cut that Kansas Governor Sam Brownback hailed in 2012 as “a shot of adrenaline into the heart of the Kansas economy” has been...
June 14, 2017William G. Gale