State-by-State Job Impacts of the Tax Cuts and Jobs Act in 2018
July 19, 2018
Today, we’ve released updated state-by-state analysis of the Tax Cuts and Jobs Act. Our Taxes and Growth model estimates that the Tax Cuts and Jobs Act will create 215,000 full-time equivalent (FTE) jobs in 2018.
As we’ve written previously, the Tax Cuts and Jobs Act is a pro-growth tax reform, which will increase long-run GDP, raise wages, and create jobs. While tax changes can take years to materialize, we do expect to see an increase in jobs within the first year.
The table below illustrates the state-by-state impact of the new tax law. You can also use our new interactive map tool to better visualize the updated data here.
|State||Estimated Full-Time Equivalent Jobs Added|
Note: Our original analysis of the Tax Cuts and Jobs Act estimated an increase of 339,000 jobs in the long run from the Tax Cuts and Jobs Act. Those results were after many of the provisions of the Tax Cuts and Jobs Act expired, such as the reduction in individual income tax rates.
|District of Columbia||1,154|
Was this page helpful to you?
The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?Contribute to the Tax Foundation
Let us know how we can better serve you!
We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better?Give Us Feedback