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22 0 obj >> /Tabs /S /Contents [23 0 R 117 0 R 25 0 R 118 0 R] The Congressional Research Service (CRS) recently issued a paper titled “The Economic Effects of the 2017 Tax Revision: Preliminary Observations,” offering its view of how the Tax Cuts and Jobs Act may have affected the economy. /ArtBox [0 0 612 792] /MediaBox [0 0 612 792] /CropBox [0 0 612 792] /TT5 40 0 R /TT2 39 0 R /TT1 38 0 R <<
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/CS0 [/ICCBased 27 0 R] /Contents [23 0 R 121 0 R 25 0 R 122 0 R] /Tabs /S Among its numerous provisions were a permanent reduction in the corporate tax rate and an individual income tax cut that is scheduled to expire at the end of 2025. /CS0 [/ICCBased 27 0 R] >>
>> /ColorSpace << /Parent 2 0 R /TT1 38 0 R 9 0 obj /Type /Page << The Tax Policy Center has produced preliminary distributional estimates of the Tax Cuts and Jobs Act as introduced on November 3, 2017. >> Yet, two years after passage of a signature element of Trump’s economic agenda, the. endobj /Contents [23 0 R 86 0 R 25 0 R 87 0 R] /F0overlay 32 0 R
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/CS0 [/ICCBased 27 0 R] The Tax Cuts and Jobs Act (TCJA) made changes to both the individual income and corporate income tax, while scaling back the estate and gift tax. /ExtGState << /Resources <<
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%���� /Type /Page >> The Tax Cuts and Jobs Act (TCJA) was enacted in December 2017.
/Contents [23 0 R 99 0 R 25 0 R 100 0 R] <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 36 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> /TT3 40 0 R /TT3 39 0 R In some cases it is difficult to determine the effects of the tax cuts (e.g., on economic growth) given the other factors that affect outcomes.
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/CropBox [0 0 612 792] /Contents [23 0 R 72 0 R 25 0 R 73 0 R] /ExtGState 85 0 R 18 0 obj >> /Contents [23 0 R 56 0 R 57 0 R 25 0 R 58 0 R] The report is concerning, especially when taken widely to be an authoritative and objective assessment.
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