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JCT Dynamic Score of the TCJA: $1 Trillion Revenue Loss

Summary:
And GDP is only averaging a paltry 0.8% above baseline level over 10 year period, given these massive, regressive tax cuts. Revenue effects: Source: JCT (November 30, 2017).

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And GDP is only averaging a paltry 0.8% above baseline level over 10 year period, given these massive, regressive tax cuts. Revenue effects:


Source: JCT (November 30, 2017).

Menzie Chinn
He is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

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