Effects of Tax Cuts and Jobs Act of 2017

The attached article published in July 2021 at Economic Studies at Brookings studies the effects on the economy of the Tax Cuts and Jobs Act. Read the article and answer the following questions.

a. Main Parts of the Bill

Explain the main parts of the bill.

b. Intended Effects of Bill

Summarize the intended effects of the bill and, whenever possible, provide some intuition as for the underlying economic reasons why such effects may have been expected.

c. Actual Effects of the Bill

Summarize the author's findings with regards to the actual effects of the bill in the economy.

article:

https://www.brookings.edu/wp-content/uploads/2021/07/20210628_TPC_GaleHaldeman_TCJASupplySideEffectsReport_FINAL.pdf