Tax Foundation Overstates Reform Growth, Report Says

Law360, New York (November 9, 2017, 7:01 PM EST) -- The Tax Foundation’s analysis of the Tax Cuts and Jobs Act, which asserted the plan would lead to a 3.9 percent increase in the nation’s gross domestic product over the long term, contained serious flaws that, if corrected, would slash the foundation’s growth projections in half, a research organization said Thursday.

The Washington Center for Equitable Growth, a nonprofit, nonpartisan organization focused on inequality and economic growth, issued a critique that, while concededly limited in scope, found the foundation’s evaluation of the interaction between federal and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.