Anna Tyger is an intern with the Center for Federal Tax Policy.
Policymakers should exercise caution in deciding whether to enact an FTT given the uncertainty regarding the FTT’s ability to raise revenue and the significant damage it could cause to the U.S. financial system
Additional evidence on the economic benefits of full expensing of investment was recently published in the American Economic Journal: Economic Policy.
Initial 2018 IRS tax return data shows that the TCJA expanded the use of several credits and deductions, made the standard deduction more favorable than itemizing, reduced tax refunds, and lowered taxes for most Americans.
