How Terrible Is the New Tax Law? Reflections on TRA17

7 Pages Posted: 5 Jan 2018 Last revised: 22 Mar 2018

Reuven S. Avi-Yonah

University of Michigan Law School

Date Written: January 2, 2018

Abstract

Overall, TRA17 is not much worse than TRA86 or TRA14. It increases the deficit, but not by an impossible amount; it is distributionally skewed, but less so than is usually assumed; and its details are not terrible (on the international side they are a big improvement over prior law). There is one big problem, the pass through provisions, and we can only hope that as its horrible implications unfold it will be a prime candidate for repeal.

Keywords: Tax reform, TCJA

JEL Classification: H26

Suggested Citation

Avi-Yonah, Reuven S., How Terrible Is the New Tax Law? Reflections on TRA17 (January 2, 2018). U of Michigan Public Law Research Paper No. 586; U of Michigan Law & Econ Research Paper No. 18-002. Available at SSRN: https://ssrn.com/abstract=3095830 or http://dx.doi.org/10.2139/ssrn.3095830

Reuven S. Avi-Yonah (Contact Author)

University of Michigan Law School ( email )

625 South State Street
Ann Arbor, MI 48109-1215
United States
734-647-4033 (Phone)

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