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Curated by Project Syndicate

The GOP Tax Package

20 commentaries

Congressional Republicans’ tax plan, most economists agree, will hurt America's poor and middle class while causing the fiscal and external deficits to soar. PS writers examine the plan’s likely impact on the US economy and American politics.

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  1. Making America’s Deficits Great Again
    Donald Trump Saul Loeb/Getty Images

    Making America’s Deficits Great Again

    Jan 15, 2018 Jeffrey Frankel shows that, no matter how one measures it, the Republicans' tax cut will worsen the US trade balance.

  2. Saving America from Trump’s Tax Reform
    Pedestrians look at diamonds in a window display along 5th Avenue Spencer Platt/Getty Images

    Saving America from Trump’s Tax Reform

    Jan 8, 2018 Laura Tyson & Lenny Mendonca lament that the new legislation does nothing to address the US economy's most pressing challenges.

  3. The US Donor Relief Act of 2017
    Donald Trump speaks about the passage of tax reform legislation Saul Loeb/Getty Images

    The US Donor Relief Act of 2017

    Jan 2, 2018 Joseph E. Stiglitz says that the Republicans’ tax legislation will lead to an even more unequal society – and a worse economy.

  4. Another Look at Tax Reform and Economic Growth
    Legislation and regulation books are stacked Chip Somodevilla/Getty Images

    Another Look at Tax Reform and Economic Growth

    Dec 19, 2017 Michael J. Boskin argues that the GOP plan, while far from ideal, will have a significant positive effect on investment.

  5. Robert Barro’s Tax-Reform Advocacy: A Response
    Getty Images anti-tax placards
    Free to read

    Robert Barro’s Tax-Reform Advocacy: A Response

    Dec 15, 2017 Jason Furman & Lawrence H. Summers raise fundamental objections to the economic model used to defend and promote the Republican tax plan.

  6. How US Corporate-Tax Reform Will Boost Growth
    Senate Majority Leader Mitch McConnell Chip Somodevilla/Getty Images

    How US Corporate-Tax Reform Will Boost Growth

    Dec 13, 2017 Robert J. Barro predicts that the Republicans’ final tax package will provide a substantial economic stimulus over ten years.

Our Pick


  1. velasco133_sUSAN WALSHPOOLAFP via Getty Images_bidenvonderleyen Susan Walsh/Pool/AFP via Getty Images

    A Subsidy War Without Winners

    Andrés Velasco calls on policymakers to avoid petty conflicts and work together to encourage green investments.
  2. taniguchi1_Tomohiro OhsumiGetty Images_abemilitary Tomohiro Ohsumi/Getty Images

    Japan’s New Security Posture Is Abe’s Legacy

    Taniguchi Tomohiko explains how the government’s ambitious defense agenda expands on the late prime minister’s ideas.
  3. mazzucato50_Andrea BonettiGreek Prime Minister's Office via Getty Images_popefrancis Andrea Bonetti/Greek Prime Minister's Office via Getty Images

    For the Common Good

    Mariana Mazzucato outlines a new governance model for ensuring a fairer distribution of agency, risk, and reward.
  4. lopes12_PIUS UTOMI EKPEIAFP via Getty Images_fossil fuel worker PIUS UTOMI EKPEI/AFP via Getty Images

    Helping Middle-Income Energy Exporters Kick the Fossil-Fuel Habit

    Carlos Lopes explains what it will take for resource-rich economies to diversify and develop new revenue sources.
  5. op_boccaletti3_Michele LapiniGetty Images_italyflood

    The New European Frontier

    Giulio Boccaletti

    Given this summer's climate-driven disasters, one might think that the European political system would be devising comprehensive adaptation plans. But, despite some steps in the right direction, Europeans are only just waking up to the constitutional implications of a changing physical environment.

    thinks a changing climate will force the European Union finally to embrace its political nature.
  6. james200_Sean GladwellGetty Images_worldconnection Sean Gladwell/Getty Images

    The Poverty of Anti-Capitalism

    Harold James considers recent arguments against markets, globalization, and growth, finding them to be deeply flawed.
  7. stiglitz314_ Drew AngererGetty Images_jeromepowell Drew Angerer/Getty Images

    How Not to Fight Inflation

    Joseph E. Stiglitz sees little upside and much downside to further monetary-policy tightening by the US Federal Reserve.
  8. slaughter95_Ritesh ShuklaGetty Images_modi Ritesh Shukla/Getty Images

    Who Is Part of the Free World?

    Anne-Marie Slaughter urges US President Joe Biden to abandon a phrase that is better left in the twentieth century.
  9. wagner16_ Leon NealGetty Images_nuclear fusion FREDERIC J. BROWN/AFP via Getty Images

    Realism About Techno-Optimism

    Gernot Wagner laments that public debate about climate solutions is long on political grandstanding and short on nuance.

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