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Blog Posts

Aug 13, 2018

Last Year's Tax Law Did Not Simplify the System — It Added More Tax Breaks

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.


https://www.pgpf.org/blog/2018/08/last-years-tax-law-did-not-simplify-the-system-it-added-more-tax-breaks

Press Releases & Statements

Aug 8, 2018

New CBO Analysis: Tax and Spending Extensions Would Make Outlook Worse

“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.


https://www.pgpf.org/press-release/2018/08/peterson-foundation-statement-on-CBO-analysis-of-tax-and-spending-extensions

Blog Posts

Aug 8, 2018

How Have Tax Cuts Affected the Economy and Debt? Here’s What We Know So Far

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.


https://www.pgpf.org/blog/2018/08/how-have-tax-cuts-affected-the-economy-and-debt-heres-what-we-know-so-far