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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.

  1. elerian151_ Scott OlsonGetty Images_inflation Scott Olson/Getty Images

    The Cost of the Fed’s Challenged Credibility

    Mohamed A. El-Erian interprets the latest market tumult as the price of delaying monetary-policy tightening for too long.
  2. roach143_Drew AngererGetty Images_jerome powell Drew Angerer/Getty Images

    Core Dangers for the Fed and China

    Stephen S. Roach

    Just as a fixation on core inflation can mislead central banks, as it has done with the US Federal Reserve, the power of a “core leader” like China’s Xi Jinping is a recipe for misdirected and ultimately unsustainable policy regimes. The very notion of a core adds a false sense of precision when addressing complex problems.

    thinks the US central bank and Chinese governance share a conceptual weakness leading to major policy blunders.
  3. haldar13_Jens Büttnerpicture alliance via Getty Images Jens Büttner/picture alliance via Getty Images

    Amazon’s Satanic Mills

    Antara Haldar sees recent unionization efforts as a welcome response to an unethical and inhumane business model.
  4. asadullah12_SAEED KHANAFP via Getty Images_malaysia migration SAEED KHAN/AFP via Getty Images

    Asia’s Captive Market for Migrant Labor

    M. Niaz Asadullah highlights how an entrenched alliance of politicians, bureaucrats, and business elites is exploiting workers.
  5. sheng129_ROSLAN RAHMANAFP via Getty Images_asean cooperation ROSLAN RAHMAN/AFP via Getty Images

    In Search of a Development Plan for Asia

    Andrew Sheng & Xiao Geng argue that bottom-up institutions – not top-down strategies – are the key to regional integration.
  6. emmott_Antonio MasielloGetty Images_meloni Antonio Masiello/Getty Images

    Giorgia Meloni’s Moment

    Bill Emmott sees little difference between the Brothers of Italy’s program and that of recent right-wing governments.
  7. strain5_(Kent Nishimura  Los Angeles Times via Getty Images_school Kent Nishimura / Los Angeles Times via Getty Images

    America’s Education Emergency

    Michael R. Strain calls for urgent action to make up for pandemic learning loss in light of dismal new test scores.
  8. velasco129_DANIEL LEALAFP via Getty Images_kwasi kwarteng DANIEL LEAL/AFP via Getty Images

    God Save the Pound?

    Andrés Velasco explains why sterling is plummeting when economic theory says it should be soaring.
  9. leonard82_YASUYOSHI CHIBAAFP via Getty Images_ukraine long war YASUYOSHI CHIBA/AFP via Getty Images

    Preparing for the Long War

    Mark Leonard thinks Europeans should plan for a prolonged conflict despite Ukraine’s recent gains.

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