Content Reference
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Vlad Busuioc, Unsplash
Summary
TPC estimates that extending expiring provisions of the TCJA would slightly boost GDP in the short term by about 0.4 percent, on average, from 2026 through 2034. But over time, these benefits would fade. The economic growth would offset about 6 percent of the $4 trillion cost of TCJA extension.
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TaxVox -
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Fiscal Facts
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See below to learn more about our model estimates of legislative proposals, our Briefing Book— the encyclopedia of taxes—and our state fiscal data repository.
