State-by-State Job Impacts of the Tax Cuts and Jobs Act in 2018 July 19, 2018 Nicole Kaeding Kyle Pomerleau Nicole Kaeding, Kyle Pomerleau 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-by-State Job Impacts of the Tax Cuts and Jobs Act in 2018 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. United States 215,000 Alabama 2,941 Alaska 476 Arizona 4,098 Arkansas 1,800 California 24,701 Colorado 3,936 Connecticut 2,444 Delaware 666 District of Columbia 1,154 Florida 12,642 Georgia 6,526 Hawaii 959 Idaho 1,063 Illinois 8,830 Indiana 4,529 Iowa 2,293 Kansas 2,052 Kentucky 2,793 Louisiana 2,879 Maine 911 Maryland 3,952 Massachusetts 5,279 Michigan 6,396 Minnesota 4,271 Mississippi 1,683 Missouri 4,184 Montana 687 Nebraska 1,489 Nevada 1,986 New Hampshire 991 New Jersey 6,041 New Mexico 1,217 New York 13,897 North Carolina 6,507 North Dakota 622 Ohio 8,092 Oklahoma 433 Oregon 2,763 Pennsylvania 8,693 Rhode Island 723 South Carolina 3,068 South Dakota 637 Tennessee 4,419 Texas 18,128 Utah 2,187 Vermont 455 Virginia 5,782 Washington 4,931 West Virginia 1,099 Wisconsin 4,284 Wyoming 413 Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Center for Economic Analysis Center for Federal Tax Policy Business Taxes Corporate Income Taxes Data Individual and Consumption Taxes Individual Income and Payroll Taxes Tax Modeling Taxes and The Economy Tags Tax Cuts and Jobs Act
