U.S. Investment Since the Tax Cuts and Jobs Act of 2017

U.S. Investment Since the Tax Cuts and Jobs Act of 2017 PDF Author: Emanuel Kopp
Publisher: International Monetary Fund
ISBN: 1498317049
Category : Business & Economics
Languages : en
Pages : 37

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Book Description
There is no consensus on how strongly the Tax Cuts and Jobs Act (TCJA) has stimulated U.S. private fixed investment. Some argue that the business tax provisions spurred investment by cutting the cost of capital. Others see the TCJA primarily as a windfall for shareholders. We find that U.S. business investment since 2017 has grown strongly compared to pre-TCJA forecasts and that the overriding factor driving it has been the strength of expected aggregate demand. Investment has, so far, fallen short of predictions based on the postwar relation with tax cuts. Model simulations and firm-level data suggest that much of this weaker response reflects a lower sensitivity of investment to tax policy changes in the current environment of greater corporate market power. Economic policy uncertainty in 2018 played a relatively small role in dampening investment growth.

U.S. Investment Since the Tax Cuts and Jobs Act of 2017

U.S. Investment Since the Tax Cuts and Jobs Act of 2017 PDF Author: Emanuel Kopp
Publisher: International Monetary Fund
ISBN: 1498317049
Category : Business & Economics
Languages : en
Pages : 37

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Book Description
There is no consensus on how strongly the Tax Cuts and Jobs Act (TCJA) has stimulated U.S. private fixed investment. Some argue that the business tax provisions spurred investment by cutting the cost of capital. Others see the TCJA primarily as a windfall for shareholders. We find that U.S. business investment since 2017 has grown strongly compared to pre-TCJA forecasts and that the overriding factor driving it has been the strength of expected aggregate demand. Investment has, so far, fallen short of predictions based on the postwar relation with tax cuts. Model simulations and firm-level data suggest that much of this weaker response reflects a lower sensitivity of investment to tax policy changes in the current environment of greater corporate market power. Economic policy uncertainty in 2018 played a relatively small role in dampening investment growth.

Impact of Current Tax Proposals on Small Business

Impact of Current Tax Proposals on Small Business PDF Author: United States. Congress. Senate. Committee on Small Business
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 266

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Book Description
Considers impact on small business of proposals to reduce personal, business, and capital gains tax rates.

Impact of Tax Reform and Simplification Proposals on Small Business

Impact of Tax Reform and Simplification Proposals on Small Business PDF Author: United States. Congress. Senate. Committee on Small Business
Publisher:
ISBN:
Category : Small business
Languages : en
Pages : 342

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Impact of Tax Simplification on the U.S. Economy

Impact of Tax Simplification on the U.S. Economy PDF Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic Stabilization
Publisher:
ISBN:
Category : Tax shifting
Languages : en
Pages : 1052

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Tax Proposals Contained in the President's New Economic Policy

Tax Proposals Contained in the President's New Economic Policy PDF Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Tariff
Languages : en
Pages : 1452

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Impact of Tax Proposals

Impact of Tax Proposals PDF Author: United States. Congress. House. Committee on Small Business. Subcommittee on Empowerment
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 112

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Tax Reform Proposals

Tax Reform Proposals PDF Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 654

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Tax Proposals Contained in the President's New Economic Policy

Tax Proposals Contained in the President's New Economic Policy PDF Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Tariff
Languages : en
Pages : 396

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Estimates of Federal Tax Expenditures

Estimates of Federal Tax Expenditures PDF Author: United States. Department of the Treasury
Publisher:
ISBN:
Category : Revenue
Languages : en
Pages : 12

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Comprehensive Tax Reform Proposal of the President

Comprehensive Tax Reform Proposal of the President PDF Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 184

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