Author: Emanuel Kopp
Publisher: International Monetary Fund
ISBN: 1498317049
Category : Business & Economics
Languages : en
Pages : 37
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
Author: Emanuel Kopp
Publisher: International Monetary Fund
ISBN: 1498317049
Category : Business & Economics
Languages : en
Pages : 37
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.
Publisher: International Monetary Fund
ISBN: 1498317049
Category : Business & Economics
Languages : en
Pages : 37
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
Author: United States. Congress. Senate. Committee on Small Business
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 266
Book Description
Considers impact on small business of proposals to reduce personal, business, and capital gains tax rates.
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 266
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
Author: United States. Congress. Senate. Committee on Small Business
Publisher:
ISBN:
Category : Small business
Languages : en
Pages : 342
Book Description
Publisher:
ISBN:
Category : Small business
Languages : en
Pages : 342
Book Description
Impact of Tax Simplification on the U.S. Economy
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
Book Description
Publisher:
ISBN:
Category : Tax shifting
Languages : en
Pages : 1052
Book Description
Tax Proposals Contained in the President's New Economic Policy
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Tariff
Languages : en
Pages : 1452
Book Description
Publisher:
ISBN:
Category : Tariff
Languages : en
Pages : 1452
Book Description
Impact of Tax Proposals
Author: United States. Congress. House. Committee on Small Business. Subcommittee on Empowerment
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 112
Book Description
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 112
Book Description
Tax Reform Proposals
Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 654
Book Description
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 654
Book Description
Tax Proposals Contained in the President's New Economic Policy
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Tariff
Languages : en
Pages : 396
Book Description
Publisher:
ISBN:
Category : Tariff
Languages : en
Pages : 396
Book Description
Estimates of Federal Tax Expenditures
Author: United States. Department of the Treasury
Publisher:
ISBN:
Category : Revenue
Languages : en
Pages : 12
Book Description
Publisher:
ISBN:
Category : Revenue
Languages : en
Pages : 12
Book Description
Comprehensive Tax Reform Proposal of the President
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 184
Book Description
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 184
Book Description