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.
The GOP Tax Package
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Making America’s Deficits Great Again
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.
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Saving America from Trump’s Tax Reform
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.
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The US Donor Relief Act of 2017
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.
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Another Look at Tax Reform and Economic Growth
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.
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Robert Barro’s Tax-Reform Advocacy: A Response
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.
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How US Corporate-Tax Reform Will Boost Growth
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.
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