The 2017 Tax Cuts and Jobs Act, the key legislative achievement in the first year of the Donald Trump administration, substantially raised the federal debt and disproportionately increased incomes for the most affluent. The effects on economic growth and median wages were modest at best.
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#TaxCuts #JobsAct #FederalDebt #IncomeInequality #EconomicGrowth
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#TaxCuts #JobsAct #FederalDebt #IncomeInequality #EconomicGrowth
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Sweeping Changes and an Uncertain Legacy: The Tax Cuts and Jobs Act of 2017
(Summer 2024) - The Tax Cuts and Jobs Act (TCJA) of 2017 introduced sweeping changes to individual and corporate taxation. We summarize the major provisions, trace the origins of the Act, and compare it to previous tax changes. We also
examine the effects…
examine the effects…
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