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For Tax Day, a Reminder That Economic Arguments for the GOP Tax Plan Have No Theoretical Basis


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For Tax Day, a Reminder That Economic Arguments for the GOP Tax Plan Have No Theoretical Basis

Josh Bivens, Hunter Blair

On Tax Day, Republicans in Congress will surely be trying to tout the benefits from the Tax Cuts and Jobs Act (TCJA) that they passed in December. It’s still far too early to make big claims about what the data shows about the effect of the TCJA, but it’s worth remembering why we should be very doubtful that any benefits at all will accrue to typical American families from the largest— and only permanent—feature of the TCJA, the cuts in corporate income tax rates.