Sweeping changes and an uncertain legacy: The tax cuts and jobs act of 2017 (Record no. 527792)
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| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Gale, W.G. Hoopes, J.L. and Pomerleau, K. |
| 245 ## - TITLE STATEMENT | |
| Title | Sweeping changes and an uncertain legacy: The tax cuts and jobs act of 2017 |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | Journal of Economic Perspectives |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 38(3), Summer, 2024: p.3-32 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | 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 on the government budget, economic activity, and distribution of resources. Based on evidence through 2019, we find that the TCJA clearly raised federal debt and increased after-tax incomes, disproportionately increasing incomes for the most affluent. Its effects on GDP and median wages seem modest at best, although clear counterfactuals are difficult to identify. The impact on investment is less certain, and research is only recently emerging that addresses this question. Empirical analysis of longer-term effects may prove difficult due to the disruptions created by the COVID-19 pandemic starting in 2020.- Reproduced https://www.aeaweb.org/articles?id=10.1257/jep.38.3.3 |
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| Main entry heading | Journal of Economic Perspectives |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
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| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-09-25 | 38(3), Summer, 2024: p.3-32 | AR133225 | 2024-09-25 | Articles |