Details and Analysis of the American Families and Jobs Act
Details and analysis of the latest House GOP tax plan, the American Families and Jobs Act. Learn more about the House Republican tax plan.
7 min read
Expert
Alex Durante
Senior Economist
Alex Durante is an Senior Economist at the Tax Foundation, working on federal tax policy and model development. He previously served as a Taxes and Growth Fellow at the Tax Foundation from 2015 to 2016.
Alex worked as a research assistant for three years at the Federal Reserve Board on a household survey, where he coauthored reports on the “Economic Well-Being of U.S. Households.” From 2019 through 2020, he served as a staff economist on the Council of Economic Advisers, working primarily on trade policy and contributing economic analysis to the “Economic Report to the President.” He holds a BS in Economics from The College of New Jersey and an MS in Applied Economics from Johns Hopkins University.
Originally from New Jersey, Alex currently lives in Washington, D.C. His hobbies include tennis, boxing and mixed martial arts, and playing bass and drums.
Latest Work
A Tax Reform Plan for Growth and Opportunity: Details & Analysis
This tax reform plan would boost long-run GDP by 2.5%, grow wages by 1.4%, and add 1.3M jobs, all while collecting a similar amount of tax revenue as the current code and reducing the long-run debt burden.
38 min read
Tackling America’s Debt and Deficit Crisis Requires Social Security and Medicare Reform
Any serious proposal to tackle the emerging debt and deficit crisis must also address our largest mandatory spending programs: Social Security and Medicare. Together, these two programs will be responsible for nearly 80 percent of the deficit’s rise between 2023 and 2032, according to Congressional Budget Office (CBO) projections.
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Fast Approaching Debt Limit Deadline and Growing Debt Demand Action
As policymakers look to tackle America’s debt and deficit crisis, they should consider international experiences on successful fiscal consolidations.
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America’s Progressive Tax and Transfer System: Federal, State, and Local Tax and Transfer Distributions
The overall U.S. tax and transfer system is overwhelmingly progressive, and understanding the extent—and source—of that progressivity is essential for lawmakers considering the trade-offs associated with each tax policy decision.
23 min read
Biden’s FY 2024 Budget Would Result in More Than $4.5 Trillion in Gross Tax Increases
President Biden’s new budget proposal outlines several major tax increases targeted at businesses and high-income individuals that would bring U.S. income tax rates far out of step with international norms.
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Difficult Trade-Offs Make Policy Consensus on Child Tax Credit Elusive
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Details and Analysis of Canceling the Scheduled Business Tax Increases in Tax Cuts and Jobs Act
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12 min read
2023 Tax Brackets
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4 min read
Understanding the Tax Treatment of Inventory: The Role of LIFO
Repealing LIFO, as some policymakers have proposed, is not sound policy. LIFO helps firms avoid the penalty on inventory investment created by FIFO and is neither a targeted tax break nor a subsidy (as some opponents suggest).
17 min read
Focusing on Wealth Inequality Is Counterproductive
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The “Inflation Tax” Is Regressive
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How the Section 232 Tariffs on Steel and Aluminum Harmed the Economy
The Section 232 tariffs on imports of steel and aluminum raised the cost of production for manufacturers, reducing employment in those industries, raising prices for consumers, and hurting exports.
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Stock Buyback Tax Would Hurt Investment and Innovation
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3 min read
Details & Analysis of the Inflation Reduction Act Tax Provisions
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Reminder that Corporate Taxes Are the Most Economically Damaging Way to Raise Revenue
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New Research Shows Positive Long-Run Effects from Corporate Tax Cuts
Policymakers should continue to focus on longer term impacts rather than emphasizing the short-term stimulus effects of tax cuts.
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How Tariffs and the Trade War Hurt U.S. Agriculture
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Biden and OECD Tax Proposals Would Hurt FDI
Academic research indicates foreign direct investment (FDI) is highly responsive to the corporate effective tax rate (ETRs); that is, the tax rate after accounting for all deduction and credits available to corporations.
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Trends in FDI Before and After the Tax Cuts and Jobs Act
Overall, the data shows outbound FDI shifted from low-tax to other jurisdictions, while inbound FDI remained largely unchanged.
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