TCJA Widened Income Inequality, Mazur Testifies

TCJA Widened Income Inequality, Mazur Testifies

Urban-Brookings Tax Policy Center

The Tax Cuts and Jobs Act provided a necessary updating of the tax system regarding multinational firms and simplified tax filing for many taxpayers, but the law also worsened income inequality, added new complexities and uncertainty to the tax code, and reduced revenue, Mark J. Mazur of the Urban-Brookings Tax Policy Center said at an April 11 Joint Economic Committee hearing.

The Tax Cuts and Jobs Act provided a necessary updating of the tax system regarding multinational firms and simplified tax filing for many taxpayers, but the law also worsened income inequality, added new complexities and uncertainty to the tax code, and reduced revenue, Mark J. Mazur of the Urban-Brookings Tax Policy Center said at an April 11 Joint Economic Committee hearing.

The <a href="/lr/resolve/source-document/1xftl" title="Source document">Tax Cuts and Jobs Act</a> provided a necessary updating of the tax system regarding multinational firms and simplified tax filing for many taxpayers, but the law also worsened income inequality, added new complexities and uncertainty to the tax code, and reduced revenue, Mark J. Mazur of the Urban-Brookings Tax Policy Center said at an April 11 Joint Economic Committee hearing.

The Tax Cuts and Jobs Act provided a necessary updating of the tax system regarding multinational firms and simplified tax filing for many taxpayers, but the law also worsened income inequality, added new complexities and uncertainty to the tax code, and reduced revenue, Mark J. Mazur of the Urban-Brookings Tax Policy Center said at an April 11 Joint Economic Committee hearing.