Dec 27, 2017
After much drama and last-minute maneuvering, congressional Republicans have passed the “Tax Cuts and Jobs Act,” the most comprehensive change to the federal tax code since 1986. To say that the GOP tax plan is controversial would be an understatement. Democratic House Leader Nancy Pelosi has gone so far as to call it “Armageddon.” What are the key provisions of the act? What will it do the deficit? How will it affect growth? And what is its likely impact on income distribution?
In this episode, John Diamond, director of the Baker Institute’s Center for Public Finance, and George Zodrow, Baker Institute Scholar and Allyn R. and Gladys M. Cline Chair of Economics at Rice University, discuss the act’s provisions, impacts and potential shortcomings.