Some of Trump’s Tax Cuts Worked, But at What Cost?: Tyler Cowen

Donald Trump’s 2017 Tax Cuts and Jobs Act was the biggest corporate tax cut in US history. How did it affect the economy? The question has taken on increased importance now that the former president has said that, if he defeats President Joe Biden, he’d like to reduce corporate taxes even further.

Some background: Most economists have long favored lowering the corporate tax. At its previous rate of 35% — the law reduced it to 21% — the US rate was one of the highest in the world. Under former President Barack Obama, there was a plan to cut ...