Federal Fiscal & Tax Policy
The implications of pledging to exempt certain households from tax hikes
The Tax Cuts and Jobs Act (TCJA) of 2017 made sweeping changes to individual and corporate taxation including cutting the corporate rate from 35% to 21%. Almost all the individual tax provisions expire at the end of next year, setting up a major debate over taxes in 2025. Without action, taxes on nearly all American households will rise. Donald Trump would like to extend all temporary cuts and lower the corporate tax further. Kamala Harris has not laid out specific tax proposals yet but has endorsed President 麻豆视传媒免费观看鈥檚 vow to avoid tax increases on households with income below $400,000 and his proposals to raise taxes on corporations and affluent households. Congress may revisit the TCJA鈥檚 business tax cuts as well.
With several years of evidence to draw upon, the and the Hutchins Center on Fiscal and Monetary Policy brought together authors of five papers recently published in the to discuss the impact of the TCJA on individuals, domestic businesses, multinational corporations, and investors in and residents of Opportunity Zones, as well as the tax debate looming in 2025. The papers and authors provided critical information for policymakers as they consider how to move forward next year. (The Hutchins Center published an explainer on which provisions of the TCJA are set to expire at the end of 2025.)
Viewers joined the conversation and asked questions of the speakers in advance by emailing [email protected] and on X/Twitter using the hashtag #TCJA.
Agenda
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September 12
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Welcome remarks
Co-Director and Acting Robert C. Pozen Director - Urban-Brookings Tax Policy Center, Urban Institute -
Presentation of "Sweeping Changes and an Uncertain Legacy: The Tax Cuts and Jobs Act of 2017"
William G. Gale Senior Fellow - Economic Studies, The Arjay and Frances Fearing Miller Chair in Federal Economic Policy, Co-Director - Urban-Brookings Tax Policy Center -
Presentation of "The US Individual Income Tax: Recent Evolution and Evidence"
Chair of Economics and W. Van Alan Clark '41 Third Century Professor in the Social Sciences - Williams College -
Presentation of "Lessons from the Biggest Business Tax Cut in US History"
Professor of Economics and Finance - University of Chicago -
Presentation of "US International Corporate Taxation after the Tax Cuts and Jobs Act"
Eric M. Zolt Chair in Tax Law and Policy - UCLA School of Law, Nonresident Senior Fellow - Peterson Institute for International Economics -
Presentation of "Are Opportunity Zones an Effective Place-Based Policy?"
Associate Professor of Economics - Hebrew University of Jerusalem's Department of Economics -
Panel discussion
William G. Gale Senior Fellow - Economic Studies, The Arjay and Frances Fearing Miller Chair in Federal Economic Policy, Co-Director - Urban-Brookings Tax Policy CenterChair of Economics and W. Van Alan Clark '41 Third Century Professor in the Social Sciences - Williams CollegeProfessor of Economics and Finance - University of ChicagoEric M. Zolt Chair in Tax Law and Policy - UCLA School of Law, Nonresident Senior Fellow - Peterson Institute for International EconomicsAssociate Professor of Economics - Hebrew University of Jerusalem's Department of EconomicsModerator
David Wessel Director - The Hutchins Center on Fiscal and Monetary Policy, Senior Fellow - Economic Studies -
Closing remarks
Managing Editor - Journal of Economic Perspectives
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In Partnership With
Urban-Brookings Tax Policy Center
