The Effect of the 2017 Tax Reform on Investment-Reference-Cited by-同舟云学术

The Effect of the 2017 Tax Reform on Investment

Published:2020-07-07 Issue: Volume: Page:1-5
ISSN:2163-3738
Container-title:Economic Commentary (Federal Reserve Bank of Cleveland)
language:en
Short-container-title:EC (FRB Cleveland)

Author:

Occhino Filippo¹^ORCID

Affiliation:

1. Federal Reserve Bank of Cleveland

Abstract

The 2017 tax reform affected investment through many channels. I use a macroeconomic model to estimate the overall effect. That estimate suggests that, because the different provisions worked in different directions, the initial impact of the tax reform on investment was small. The same model predicts that the tax reform will hold investment down in the medium term.

Publisher

Federal Reserve Bank of Cleveland

Reference10 articles.

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3. Congressional Budget Office. 2018. “The Budget and Economic Outlook: 2018 to 2028.” Congressional Budget Office, April 2018. https://www.cbo.gov/publication/53651.

4. Creedy, John, and Norman Gemmell. 2015. “Taxation and the User Cost of Capital: An Introduction.” Victoria Business School, Working Paper in Public Finance 04/2015.

5. Fullerton, Don. 1999. “Marginal Effective Tax Rate.” The Encyclopedia of Taxation and Tax Policy, 270–272, Urban Institute Press, edited by Joseph J. Cordes, Robert D. Ebel, and Jane G. Gravelle.