The Distributional and Tax Planning Consequences of the Tax Cuts and Jobs Act

Testimony before the U.S. House of Representatives Ways and Means Committee (March 27, 2019)

UCLA School of Law, Law-Econ Research Paper No. 19-05

8 Pages Posted: 25 Mar 2019 Last revised: 25 Jun 2019

See all articles by Jason Oh

Jason Oh

University of California, Los Angeles (UCLA) - School of Law

Date Written: March 25, 2019

Abstract

The TCJA was the most significant overhaul of the tax system in over three decades. It is commendable that this committee is evaluating how this law affects the American public. We are fortunate to have the projections of the Joint Committee on Taxation and various think tanks, but the sheer amount of data can be overwhelming. The goal of my testimony is to crystallize that data into five major takeaways. I pair each takeaway with a figure that captures the point visually.

Who received tax cuts and how much? Will that change over time? How are we as Americans going to pay for the deficits created by the TCJA? How does the new law make taxes easier to avoid? What can history tell us about how tax laws change after major legislation?

Keywords: Tax Cuts and Jobs Act, anaylsis of TCJA, tax law changes, legislation

Suggested Citation

Oh, Jason, The Distributional and Tax Planning Consequences of the Tax Cuts and Jobs Act (March 25, 2019). Testimony before the U.S. House of Representatives Ways and Means Committee (March 27, 2019); UCLA School of Law, Law-Econ Research Paper No. 19-05. Available at SSRN: https://ssrn.com/abstract=3359986

Jason Oh (Contact Author)

University of California, Los Angeles (UCLA) - School of Law ( email )

385 Charles E. Young Dr. East
Room 1242
Los Angeles, CA 90095-1476
United States

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