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The general consensus among economists is that the long-term effects of the TCJA will be higher debt and little change to underlying economic growth.
“This new CBO report shows just how much more dangerous the future looks if these tax cuts and spending increases are allowed to continue," said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
Last year’s tax legislation was a key opportunity to simplify the tax code, but in addition to adding significantly to our national debt, the Tax Cuts and Jobs Act actually increased the number of tax breaks.
The Peter G. Peterson Foundation and the Ford Foundation today announced $1.5 million in grant awards for US 2050, a unique research initiative examining the multiple demographic, economic, societal, and fiscal trends shaping America in the decades ahead.
As Election Day approaches, the Peter G. Peterson Foundation is delivering a non-partisan Election Fiscal Toolkit to all U.S. House and Senate candidates, encouraging a critically important conversation about how to solve America’s fiscal challenges.
The number one financial worry for Americans is having enough money for retirement — and for good reason.
https://www.pgpf.org/blog/2018/08/three-major-challenges-to-retirement-security
“As lawmakers address funding the budget and avoiding a government shutdown, Americans believe that our nation’s fiscal outlook is a critical priority,” said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2018/08/fci-press-release