The Two Reasons Long-Term Economic Growth Will Slow
While the Tax Cuts and Jobs Act of 2017 will likely boost economic growth in the near term, the effects of the legislation are temporary.
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While the Tax Cuts and Jobs Act of 2017 will likely boost economic growth in the near term, the effects of the legislation are temporary.
Significant damage was done to America’s fiscal outlook over the past year.
The total cost of the Tax Cuts and Job Act is estimated to be $1.7 trillion between 2018 and 2027.
https://www.pgpf.org/blog/2017/11/what-the-interest-on-deficit-funded-tax-legislation-would-cost
The bill as written would move up the date we return to trillion dollar deficits by two years, to 2020.
With a new Congress and president in place, a number of important fiscal and economic policy issues have come to the forefront in January.
https://www.pgpf.org/blog/2017/01/this-month-in-fiscal-review-healthcare-taxes-and-debt
Reform that eliminates virtually all tax expenditures allows for rates to be lowered significantly.