Tax Policy Center

gross domestic product (GDP)

State and Local Issues: TaxVox

State Tax Debates Could Use Some (Customized) State Economic Data

Politicians love to make claims about tax policy. This tax cut will create jobs! That one forced the school district to fire teachers! But too...
November 12, 2019Richard C. Auxier
Federal Budget and Economy: TaxVox

How To Shutdown Future Shutdowns

As the partial shutdown of the federal government enters its 17th day, the stakes are rising. Shutdowns have numerous negative economic and political effects, but...
January 7, 2019William G. Gale
Federal Budget and Economy: TaxVox

The Post-TCJA Economy: Good News Mixed With Some Important Warning Signs

Tax Vox is continuing to track a set of economic indicators to see whether the Tax Cuts and Jobs Act has, in President Trump’s words,...
July 31, 2018Howard GleckmanAravind Boddupalli
Federal Budget and Economy: TaxVox

CBO’s Grim Budget Forecast Underestimates The Nation’s True Fiscal Problems

CBO recently released new budget projections that incorporate the 2017 tax act and the 2018 spending deals. In a new paper with Alan J. Auerbach,...
April 23, 2018William G. GaleAaron Krupkin
: TaxVox

So Far, The TCJA Seems To Be A Modest Plus For The Economy, But Evidence Remains Limited

For all the hype about more take-home pay, new corporate investment, and bonuses in the wake of the Tax Cuts and Jobs Act (TCJA), what...
March 26, 2018Benjamin R. Page
: TaxVox

Comparing Estimates of the Macroeconomic Effects of Tax Policy: Growth Rates vs. Levels

In recent weeks, we have seen many different estimates of how the Tax Cuts and Jobs Act (TCJA) would affect the US economy. These projections...
December 14, 2017Benjamin R. Page
Individual Taxes: TaxVox

Uncle Sam Is Smaller (Relatively) Than We Thought

At 8:30 this morning, Uncle Sam suddenly shrunk. Federal spending fell from 21.5 percent of gross domestic product to 20.8 percent, while taxes declined from...
July 31, 2013Donald Marron
Federal Budget and Economy: TaxVox

Smart Tax Reform Could Shrink the Government

Max Baucus and Dave Camp, leaders of the Senate and House tax-writing committees, are on the road promoting tax simplification. One goal: cleaning out the...
July 8, 2013Donald Marron