TPC Releases Preliminary Analysis of 2017 Tax Law

TPC Releases Preliminary Analysis of 2017 Tax Law

Urban-Brookings Tax Policy Center

While the Tax Cuts and Jobs Act will boost the economy in the short term, its long-term impact on GDP will likely be small and the law will significantly lower federal revenues, raise the federal debt, and have adverse effects on charities and some state and local governments, according to a June 13 Urban-Brookings Tax Policy Center report.

While the Tax Cuts and Jobs Act will boost the economy in the short term, its long-term impact on GDP will likely be small and the law will significantly lower federal revenues, raise the federal debt, and have adverse effects on charities and some state and local governments, according to a June 13 Urban-Brookings Tax Policy Center report.

While the <a href="/lr/resolve/source-document/1xftl" title="Source document">Tax Cuts and Jobs Act</a> will boost the economy in the short term, its long-term impact on GDP will likely be small and the law will significantly lower federal revenues, raise the federal debt, and have adverse effects on charities and some state and local governments, according to a June 13 Urban-Brookings Tax Policy Center report.

While the Tax Cuts and Jobs Act will boost the economy in the short term, its long-term impact on GDP will likely be small and the law will significantly lower federal revenues, raise the federal debt, and have adverse effects on charities and some state and local governments, according to a June 13 Urban-Brookings Tax Policy Center report.