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And Back in Fiscal-Land

Summary:
The FY2019 projected deficit balloons, as the estimated “dynamic” effects of the Tax Cuts and Jobs Act prove minor (quelle suprise!) Source: Committee for a Responsible Federal Budget. For the actual, recorded effects on corporate tax receipts thus far:Figure 1: BEA, 2018Q2 3rd release. [updated 9/29 2:22PM Pacific]

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The FY2019 projected deficit balloons, as the estimated “dynamic” effects of the Tax Cuts and Jobs Act prove minor (quelle suprise!)

And Back in Fiscal-Land
Source: Committee for a Responsible Federal Budget.

For the actual, recorded effects on corporate tax receipts thus far:
And Back in Fiscal-Land
Figure 1: BEA, 2018Q2 3rd release. [updated 9/29 2:22PM Pacific]

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

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