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Blog Articles
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![Montana Capitol](https://taxfoundation.org/wp-content/uploads/2017/12/Montana-300x163.jpg)
![International tax competitiveness](https://taxfoundation.org/wp-content/uploads/2017/10/AdobeStock_83194791-e1529346646886-300x200.jpeg)
Trade and Capital Flow Consequences of Tax Reform: A Means to a Faster Expansion of U.S. Capital Formation and Employment
The tax bill will boost investment and incomes in the United States, and make the country a better place to locate production and hiring. There will be a transitory rise in the trade deficit, but in the context of a stronger, faster-growing economy.
5 min read![Biden book minimum tax Biden pension tax cuts and jobs act tax extenders , House Ways and Means, temporary tax policy](https://taxfoundation.org/wp-content/uploads/2017/01/capitol_at_dusk_2-1-300x151.jpg)
Statement on Final Passage of the Tax Cuts and Jobs Act
With the Tax Cuts and Jobs Act, Congress took a historic step toward rewriting the U.S. tax code for the first time since 1986.
1 min read![Individual Income Tax Conformity by State](https://taxfoundation.org/wp-content/uploads/2017/03/IndConformity-011-300x281.png)
Pass-Through Deduction Won’t Flow Through to Most States
For policymakers in most states, the fact that the pass-through deduction doesn’t affect AGI should come as a relief. For those in the six states which use federal taxable income as their starting point for conformity, decoupling from the provision is an entirely viable option.
2 min read![tax cuts and jobs act taxpayer impact](https://taxfoundation.org/wp-content/uploads/2017/12/FINAL-TCJA-Filers-Chart-300x191.png)
Who Gets a Tax Cut Under the Tax Cuts and Jobs Act?
How would the Tax Cuts and Jobs Act impact different households? Check out our sample taxpayers to see what would change if the bill is enacted.
5 min read![Tax Cuts and Jobs Act](https://taxfoundation.org/wp-content/uploads/2017/12/AdobeStock_31042336-e1529337438505-300x189.jpeg)
The Tax Cuts and Jobs Act: Preliminary Economic Analysis
According to the Tax Foundation’s Taxes and Growth Model, the Tax Cuts and Jobs Act would lead to a 1.7 percent increase in GDP over the long term, 1.5 percent higher wages, an additional 339,000 full-time equivalent jobs, and cost $1.47 trillion on a static basis and by $448 billion on a dynamic basis.
2 min read![state and local tax deduction](https://taxfoundation.org/wp-content/uploads/2016/02/taxes2-300x100.png)
Prepaying SALT isn’t an Option
As the Tax Cuts and Jobs Act seeks to simplify the tax code, a last-minute provision closed a potential new tax-planning strategy germinating before the bill even passed.
2 min read![state tax revenue decline, state tax collections, local tax collections. Sources of Government Revenue](https://taxfoundation.org/wp-content/uploads/2012/03/cash-300x240.jpg)
Conference Report Limits on Interest Deductions
There is no good reason to eliminate interest deductions to permit expensing. Expensing is a key element of any tax system which seeks to put all economic activity on a level playing field.
9 min read![alternative minimum tax tax cuts and jobs act](https://taxfoundation.org/wp-content/uploads/2017/12/AMT-43-300x217.png)
Under Conference Agreement, Fewer Households Would Face the Alternative Minimum Tax
The Tax Cuts and Jobs Act will temporarily reduce alternative minimum tax liability, but retain the complexity inherent to the tax.
4 min read![Conference Report Tax Cuts and Jobs Act](https://taxfoundation.org/wp-content/uploads/2017/12/AdobeStock_75343984-1-e1529337450453-300x167.jpeg)
![Tax Cuts and Jobs Act International Corporate Income Tax Rates](https://taxfoundation.org/wp-content/uploads/2017/12/New-Corp-Rates-274x300.png)
Tax Cuts and Jobs Act Puts the U.S. with its International Peers
If enacted, the Tax Cuts and Jobs Act would put the U.S. corporate tax rate more in line with its international peers at 13th highest of 35 OECD countries.
2 min read![](https://taxfoundation.org/wp-content/uploads/2017/01/EU_Flag-300x274.jpg)
![State tax rates and brackets](https://taxfoundation.org/wp-content/uploads/2016/10/calculator-300x200.jpeg)
![The Missouri Capitol Building where legislatures passed Missouri’s 2014 tax package.](https://taxfoundation.org/wp-content/uploads/2017/01/Missouri-e1591820861459-300x138.jpg)
![senate tax cuts and jobs act state impact](https://taxfoundation.org/wp-content/uploads/2017/11/AdobeStock_13033979-e1529337582766-300x225.jpeg)
High-Tax States are Inconsistent on the State and Local Tax Deduction
If the state and local tax deduction is necessary to prevent double taxation, why don’t states offer a deduction for federal and local taxes?
2 min read![](https://taxfoundation.org/wp-content/uploads/2017/12/House-Sen-TCJA-provisions-300x205.png)
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![Tax Calculator alternative minimum tax](https://taxfoundation.org/wp-content/uploads/2017/01/calculator-e1529355587386-300x200.jpeg)
![Arkansas Tax Reform](https://taxfoundation.org/wp-content/uploads/2017/02/ArkansasCapitol-300x169.jpg)