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The Tax Foundation is the nation’s leading independent tax policy nonprofit. Since 1937, our principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and global levels. For over 80 years, our goal has remained the same: to improve lives through tax policies that lead to greater economic growth and opportunity.
According to our analysis, the House Ways & Means reconciliation tax plan would increase federal revenue on net by $1.06 trillion over the next decade, but would also reduce long-run economic output by 0.98 percent, eliminate 303,000 full-time equivalent jobs in the United States, and reduce after-tax incomes for the top 80 percent of taxpayers over the long-run. Read More
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