factually
Index/Topics/2017 Tax Cuts and Jobs Act and Pandemic Stimulus

2017 Tax Cuts and Jobs Act and Pandemic Stimulus

The 2017 Tax Cuts and Jobs Act and pandemic stimulus under Presidents Trump and Biden, including their effects on GDP growth, corporate profits, federal revenues, deficits, inflation, and employment.

Fact-Checks

1 result
Jan 15, 2026

How did pandemic stimulus under Biden compare in long‑term GDP and employment impact to Trump’s 2017 tax cuts?

The 2017 Tax Cuts and Jobs Act (TCJA) delivered a near-term boost to GDP growth and corporate after‑tax profits but reduced federal revenues by roughly 0.7 percent of GDP and widened deficits, while p...