Perversion of the Tax Policymaking Process

USC CLASS Research Papers Series No. CLASS18-1

USC Legal Studies Research Papers Series No. 18-1

17 Pages Posted: 30 Jan 2018  

Edward D. Kleinbard

USC Gould School of Law

Date Written: January 29, 2018

Abstract

The Tax Cuts and Jobs Act can be criticized on many substantive grounds, and for its effect on deficits. But the legislative process also revealed important shortcomings beyond its haste. Traditional tax policy metrics -- conventional revenue estimates, dynamic estimates and distributional analyses -- yield misleading results in a tax framework that loses over one trillion dollars. The result is that the legislation has even more deleterious welfare implications than these standard metrics suggest.

Suggested Citation

Kleinbard, Edward D., Perversion of the Tax Policymaking Process (January 29, 2018). USC CLASS Research Papers Series No. CLASS18-1. Available at SSRN: https://ssrn.com/abstract=3112866 or http://dx.doi.org/10.2139/ssrn.3112866

Edward D. Kleinbard (Contact Author)

USC Gould School of Law ( email )

699 Exposition Boulevard
Los Angeles, CA 90089
United States

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