Tax Cuts and Jobs Act (TCJA)

Small Pass-Through Businesses Would See Some Benefits Under the House Tax Cuts and Jobs Act

Even with large changes, many in the pass-through community are arguing that small pass-throughs don’t benefit since most or all of their taxable income falls below the 25 percent maximum rate. While correct on the small point, advocates miss the greater tax reform picture. Small pass-through businesses would still benefit from a number of other changes.

Updated Details and Analysis of the 2017 House Tax Cuts and Jobs Act

This comprehensive overview of the of the House Tax Cuts and Jobs Act includes a summary of its details and macroeconomic analysis of how it would impact federal revenue, wages, GDP, and after-tax incomes.

Eight Important Changes in the House Tax Cuts and Jobs Act

The widely anticipated House Tax Cuts and Jobs Act includes hundreds of structural changes to the tax code. Here are the eight most important provisions in no particular order.

Details of the House Tax Cuts and Jobs Act

The House Tax Cuts and Jobs act would fundamentally reform the U.S. tax code for the first time in over 30 years. Here are all the important details.

The Jobs and Wage Effects of a Corporate Rate Cut

Corporate tax reform done right is key to growing the economy, boosting real family incomes, and making the U.S. a better place in which to do business.

There Is More Than Meets the Eye When Analyzing the UK’s Corporate Tax Cut

When taking a closer look at the UK’s recent corporate tax reform experiment, it becomes clear that there was significantly more at work than just a simple rate cut. Increasing the effective marginal tax rate on new investments could have had a negative effect on wages, potentially offsetting the positive effects from the corporate rate cut.

Testimony: The Startup Slump: Can Tax Reform Help Revive American Entrepreneurship?

Tax reform should aim to get the tax code out of the way of entrepreneurship by making it simpler, less burdensome, and eliminating its anti-growth biases.

Four Plans for Permanent, Pro-Growth Tax Reform in the 115th Congress

These four Tax Foundation tax plans demonstrate ways in which lawmakers could achieve permanent, pro-growth tax reform while keeping the level of federal revenue and the distribution of the tax burden roughly the same as current law.

Notes on Trump’s Tax Policy Speech in Missouri

Five Ideas for Simplifying the Individual Tax Code

Why Temporary Corporate Income Tax Cuts Won’t Generate Much Growth

Real tax reform should boost incomes for all. A corporate income tax cut could be a means to do that, but not if it’s temporary. A temporary cut is less likely to promote growth and less likely to benefit American workers.

To Lower the Corporate Tax Rate, Lawmakers Will Have to Think Outside the Box

Takeaways from Initial House Ways and Means Tax Reform Hearing

Interest Deductibility – Issues and Reforms

Interest deductibility creates holes in the tax base, distorts corporate investment strategies, and contributes to a potentially dangerous macroeconomic environment of overleveraging.

Why Full Expensing Encourages More Investment than A Corporate Rate Cut

If economic growth is the goal of your tax reform plan, moving towards full expensing and a cash-flow tax is the most efficient way to spur investment,

Which Places Benefit Most From State and Local Tax Deductions?

Details of the Trump Administration Tax Proposal Released Today

Federal Tax Reform: The Impact on States

The federal government could pass comprehensive tax reform for the first time since 1986. Any federal tax change would impact state budgets, as most states tie their tax codes to the federal code. Here’s what states should expect and the options they’ll have if federal reform happens.

Is Trump Supporting a Border Adjustment for the Wrong Reason?

What to Look for in President Trump’s Speech to Congress