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A Preliminary Assessment of the Tax Cuts and Jobs Act of 2017


  • William Gale
  • Hilary Gelfond
  • Aaron Krupkin
  • Mark J. Mazur
  • Eric Toder


The Tax Cuts and Jobs Act of 2017 was the largest tax overhaul since 1986. Our assessment - based on a variety of sources - suggests that the act will do the following: stimulate the economy in the near term but have small impacts on long-term growth; reduce federal revenues; make the distribution of after-tax income less equal; simplify taxes in some ways but create new complexity and compliance issues in others; and reduce health insurance coverage and charitable contributions. Its ultimate effects will depend on how other countries, the Federal Reserve Board, and future Congresses respond.

Suggested Citation

  • William Gale & Hilary Gelfond & Aaron Krupkin & Mark J. Mazur & Eric Toder, 2018. "A Preliminary Assessment of the Tax Cuts and Jobs Act of 2017," National Tax Journal, National Tax Association;National Tax Journal, vol. 71(4), pages 589-612, December.
  • Handle: RePEc:ntj:journl:v:71:y:2018:i:4:p:589-612

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    Cited by:

    1. Dorine Boumans & Clemens Fuest & Carla Krolage & Klaus Wohlrabe, 2020. "Expected effects of the US tax reform on other countries: global and local survey evidence," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 27(6), pages 1608-1630, December.

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