Congressional Republicans’ tax plan, most economists agree, will hurt America's poor and middle class while causing the fiscal and external deficits to soar. PS writers examine the plan’s likely impact on the US economy and American politics.
Jan 15, 2018 Jeffrey Frankel shows that, no matter how one measures it, the Republicans' tax cut will worsen the US trade balance.
Jan 8, 2018 Laura Tyson & Lenny Mendonca lament that the new legislation does nothing to address the US economy's most pressing challenges.
Jan 2, 2018 Joseph E. Stiglitz says that the Republicans’ tax legislation will lead to an even more unequal society – and a worse economy.
Dec 19, 2017 Michael J. Boskin argues that the GOP plan, while far from ideal, will have a significant positive effect on investment.
Dec 15, 2017 Jason Furman & Lawrence H. Summers raise fundamental objections to the economic model used to defend and promote the Republican tax plan.
Dec 13, 2017 Robert J. Barro predicts that the Republicans’ final tax package will provide a substantial economic stimulus over ten years.
Nov 13, 2024 Brahma Chellaney
Nov 20, 2024 Carl Bildt
Nov 21, 2024 Todd G. Buchholz
Nov 21, 2024 Jeffrey Frankel
US President-elect Donald Trump campaigned on a promise to take a confrontational approach to China, with tariffs as his weapon of choice. But unless his administration adopts a measured approach, his plans may end up harming American businesses and consumers, undermining US democracy, or even leading to military confrontation.
