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Three years ago the federal govt. passed the Tax Cuts and Jobs Act of 2017. This was the first major overhaul to the US tax
Three years ago the federal govt. passed the Tax Cuts and Jobs Act of 2017. This was the first major overhaul to the US tax system in 30 years, and a significant use of fiscal policy. Do some research using reliable sources such as the Congressional Budget Office, The Bureau of Economic Analysis, the Bureau of the Fiscal Service, etc. (NOT Wikipedia) and become familiar with the intentions of the law and the outcomes after implementation. Was the tax law an expansionary fiscal policy, a contractionary fiscal policy, or a combination of both? Explain your answer. Explain how the tax law impacted the national deficit
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