TPC Estimates Effects of Tax Expenditures After TCJA

Urban-Brookings Tax Policy Center

Nonbusiness tax expenditures are projected to cut federal tax liability by $1.2 trillion in 2019, and the Tax Cuts and Jobs Act reduced the total cost of the expenditures and made their distribution “slightly less unequal,” Daniel Berger and Eric Toder of the Urban-Brookings Tax Policy Center said in a June 5 report.

<p>Nonbusiness tax expenditures are projected to cut federal tax liability by $1.2 trillion in 2019, and the Tax Cuts and Jobs Act reduced the total cost of the expenditures and made their distribution “slightly less unequal,” Daniel Berger and Eric Toder of the Urban-Brookings Tax Policy Center said in a June 5 report.</p>