Trump’s tax cuts boosted growth and jobs – Dallas Fed paper
Researcher uses state-level data on tax cuts to estimate national impact
President Donald Trump’s administration’s 2017 Tax Cuts and Jobs Act boosted US GDP and job growth, new research published by the Federal Reserve Bank of Dallas finds.
The fiscal package, which went into effect in early 2018, made extensive changes to both individual and corporate tax codes – lowering tax rates and broadening tax brackets.
Anil Kumar uses data on state-level variation in tax changes to compare the impact of the legislation on both GDP and job growth in 2018. He uses the tax
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