TaxVox: Economic effects of tax policy

Did the Tax Cuts and Jobs Act Pay for Itself in 2018?

March 13, 2019 –

Were you surprised that the 2017 tax overhaul, commonly referred as the Tax Cuts and Jobs Act (TCJA), did not increase revenues in 2018? Probably...

State and Local Issues

State Revenue Picture in Post-TCJA Era: Joy, Sorrow, and Uncertainty

March 12, 2019 –

The Tax Policy Center’s State and Local Finance Initiative’s quarterly “ State Tax and Economic Review ” shows solid revenue growth in the third quarter...

Federal Budget and Economy

What 2018’s Economic Data Tell Us About The TCJA

March 4, 2019 –

We now have a full year of data about the state of the US economy since President Trump signed the 2017 Tax Cuts and Jobs...

Congress In 2019: What’s Ahead For Fiscal Policy?

January 4, 2019 –

The return of divided government and the early stages of the next presidential election create enormous uncertainty about how 2019 will go. As Yogi Berra...

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

December 19, 2018 –

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...

Federal Budget and Economy

James Mirrlees, A Public Finance Giant

September 20, 2018 –

Professor James Mirrlees passed away last month at age 82. The Nobel prize-winning economist was a leading public finance theorist who emphasized the optimal design...