We use a cost-of-capital framework to analyze the long-run steady state and transition path
for GDP as a result of the 2017 tax law. We predict that, for the law as written, the long-run …

The 2017 tax revision, PL 115-97, often referred to as the Tax Cuts and Jobs Act, and
referred to subsequently as the Act, substantially revised the US tax system. The Act …

This note uses existing empirical estimates of the macroeconomic effects of tax changes to
project the near term impact of the Tax Cuts and Jobs Act on US GDP growth. Applying …

This paper examines the Tax Cuts and Jobs Act (TCJA) of 2017, the largest tax overhaul
since 1986. The new tax law makes substantial changes to the rates and bases of both the …

The Tax Cuts and Jobs Act of 2017 (TCJA) instituted the most substantial changes in
taxation in decades and was designed to boost the economy via supply-side incentives. This …

This paper provides new estimates of the macroeconomic effects of tax changes using a
new narrative dataset for the United Kingdom. Identification is achieved by isolating …

This paper studies the effects of an historically large federal corporate income tax cut on US
firms and workers, leveraging quasi-experimental policy variation from the 2017 law known …

Policymakers and researchers have long been interested in how potential changes to the
personal income tax system affect the size of the overall economy. In 2014, for example …

This paper provides preliminary evidence on behavioral responses to taxation around the
2013 tax increase that raised top marginal tax rates on capital income by about 9.5 points …

Abstract On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act
(TCJA), the most sweeping revision of US tax law since the Tax Reform Act of 1986. The law …