TCJA Archive

TweetShareSharePin0 Shares Wednesday, the Congressional Budget Office (CBO) published its annual analysis of the distribution of American household incomes and tax burdens, this time for 2018, the year after the Tax Cuts and Jobs Act (TCJA) was enacted. CBO data shows that the TCJA reduced federal tax rates for households across every income level while

TweetShareSharePin0 Shares It appears that the recent dip in corporate tax collections, which the Biden administration has noted for concern and justification for increasing the corporate tax rate among other proposals to raise taxes on corporations, was largely due to temporary factors related to the pandemic rather than the Tax Cuts and Jobs Acts (TCJA)