On April 2, the Trump Administration announced a series of so-called " reciprocal tariffs” applied to nearly every country with which the United States trades. On a conventional basis, we estimate the...
The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring portions of the 2017 Tax Cuts and Jobs Act (TCJA)...
Summary Points The estimates from the Council of Economic Advisors (CEA) 1 imply TCJA extension would boost average annual GDP growth to 1 percent, not 3.0 percent. 3 percent growth is an unfounded...
