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The Tax Cuts and Jobs Act (TCJA) of 2017 reduced federal revenues, raised federal debt in the years after passage, and shifted after-tax income upward—especially toward the highest earners—while delivering only modest or uncertain macroeconomic gains relative to projections.
reduced federal revenues, raised federal debt in the years after passage, and shifted after‑tax income upward—especially toward the highest earners—while delivering only relative to projections . Anal...
The Tax Cuts and Jobs Act of 2017 (TCJA) reduced federal revenues substantially and—by official scores and independent analyses—meaningfully increased federal deficits and debt over both the first dec...
The Tax Cuts and Jobs Act of 2017 (TCJA) substantially rewrote both corporate and individual federal tax rules by cutting the corporate rate, lowering many individual marginal rates, expanding some cr...