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Tax Code

Sources

1. “The Moment of Truth.”  The National Commission on Fiscal Responsibility and Reform.  December 2010 

2. United States.  Congress.  “Two Years of Evidence Show 2017 Tax Cuts Failed to Deliver Promised Economic Boost.”  Joint Economic Committee.  28 Jan 2020
3. Allan Sloan and Cezary Podkul.  “Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years.”  ProPublica.  14 Jan 2021

4. Jeff Stein and Yeganeh Torbati.  “Trump’s Former Treasury Secretary Expected to Launch Investment Fund, Seeking Backing of Persian Gulf State Funds.”  Washington Post.  23 Feb 2021

5. Jesse Drucker.  “The Tax-Break Bonanza Inside the Economic Rescue Package.”  New York Times.  24 Apr 2020

6. William R. Emmons.  “Housing and Consumer Spending Are Powering the Economy like Never Before.”  Federal Reserve Bank of St. Louis.  September 2017

7. United States.  Bureau of Economic Analysis.  “Gross Domestic Product, 3rd Quarter 2018 (Advance Estimate).”  26 Oct 2018
8. United States.  Department of Labor.  Bureau of Labor Statistics.  “The Employment Situation - December 2019.”  10 Jan 2019

9. United States.  Bureau of Economic Analysis.  “Gross Domestic Product, Third Quarter 2019 (Advance Estimate).”  30 Oct 2019

10. Ben Leubsdorf and ​Richard Rubin.  “U.S. Government Revenues Drop in Wake of Tax Cuts.”  Wall Street Journal.  12 July 2018  

11. Howard Gleckman.  “The Three Numbers to Know About the TCJA in 2018.”  Tax Policy Center.  18 Apr 2019

12. Tim Mahedy and Daniel J. Wilson.  “Fiscal Policy in Good Times and Bad.” Federal Reserve Bank of San Francisco.  9 July 2018

13. “Effects of the Tax Cuts and Jobs Act:  A Preliminary Analysis.”  Tax Policy Center.   13 June 2018  

14. “The Tax Cuts and Jobs Act, as Reported By Conference Committee:  Static and Dynamic Effects on the Budget and the Economy.”  Penn Wharton Budget Model.  18 Dec 2017

15. Chye-Ching Huang and Brandon DeBot.  “Corporate Tax Cuts Skew to Shareholders and CEOs, Not Workers as Administration Claims Eventual Spending Cuts or Tax Increases to Pay for Corporate Rate Cuts Could Leave Most Workers Worse Off.”  Center on Budget and Policy Priorities.  16 Aug 2017

16. Steve Wamhoff and Matthew Gardner.  “Federal Tax Cuts In The Bush, Obama, And Trump Years.”  Institute on Taxation and Economic Policy.  11 July 2018

17. “Swamped.”  Public Citizen.  1 Dec 2017

18. Jesse Drucker and Jim Tankersley.  “How Big Companies Won New Tax Breaks From the Trump Administration.”  New York Times.  30 Dec 2019

19. Jim Tankersley, Peter Eavis and Ben Casselman.  “How FedEx Cut Its Tax Bill to $0.”  New York Times.  17 Nov 2019

20. Richard Rubin and Theo Francis.  “Trump Promised a Rush of Repatriated Cash, But Company Responses Are Modest.”  Wall Street Journal.  16 Sept 2018

21. Sarah Chaney and Theo Francis.  “Company Repatriations of Cash Surged, Then Moderated in 2018.”  Wall Street Journal.  27 Mar 2019

22. Austin Herrick.  “Estimates of TCJA Repatriation of Foreign Earnings on Investment and GDP.”  Penn Wharton Budget Model (PWBM).  29 Aug 2018

23. United States.  Congress.  “Repatriating Offshore Funds: 2004 Tax Windfall for Select Multinationals.”  112th Congress. 11 Oct 2011

24. United States.  Board of Governors of the Federal Reserve System.  “U.S. Corporations’ Repatriation of Offshore Profits: Evidence from 2018.”  6 Aug 2019

25. Chye-Ching Huang and Brandon DeBot.  “Corporate Tax Cuts Skew to Shareholders and CEOs, Not Workers as Administration Claims Eventual Spending Cuts or Tax Increases to Pay for Corporate Rate Cuts Could Leave Most Workers Worse Off.”  Center on Budget and Policy Priorities.  16 Aug 2017

26. Toluse Olorunnipa.  “Trump’s Tax Promises Undercut by CEO Plans to Help Investors.” Bloomberg.  29 Nov 2017

27. “What Are Businesses Saying About Tax Reform Now?”  Federal Reserve Bank of Atlanta.  23 Mar 2018​

28. “S&P 500 Q4 2018 Buybacks Set 4th Consecutive Quarterly Record at $223 Billion; 2018 Sets Record $806 Billion.”  S&P Global.  25 Mar 2019

29. Commissioner Robert J. Jackson Jr.  “Stock Buybacks and Corporate Cashouts.”  U.S. Securities and Exchange Commission.  11 June 2018 

30. Editorial Board.  “How To Collect $1.4 Trillion In Unpaid Taxes.” New York Times. 20 Mar 2021

31. Barry W. Johnson and Peter J. Rose.  “Federal Tax Compliance Research: Tax Gap Estimates For Tax Years 2011-2013.”  Internal Revenue Service.  September 2019 

32. John W. Schoen.  “Trump Defies Data With 6% GDP Growth Forecast.”  CNBC.  6 Dec 2017
33. “The Conference Board Economic Forecast for the U.S. Economy.”  11 Dec 2019
34. “Corporate Tax Reform and Wages: Theory and Evidence.”  The Council of Economic Advisers.  October 2017
35. “Table 1. Economic Projections of Federal Reserve Board Members and Federal Reserve Bank Presidents, Under Their Individual Assumptions of Projected Appropriate Monetary Policy, December 2019.”  Board of Governors of the Federal Reserve System.  11 Dec 2019
36. United States.  Congress.  “Tax Cuts and Jobs Act of 2017.” H.R.1.  115th Congress.  22 Dec 2018
37. United States.  Internal Revenue Service.  “Anti-Tax Law Evasion Schemes - Law and Arguments (Section II): The Meaning of Income: Taxable Income and Gross Income.”  6 Nov 2018
38. William G. Gale, Hilary Gelfond, Aaron Krupkin, Mark J. Mazur, and Eric Toder.  “Effects of the Tax Cuts and Jobs Act:  A Preliminary Analysis.” Tax Policy Center.  13 June 2018 
39. “Distributional Analysis of the Conference Agreement for the Tax Cuts and Jobs Act.”  Tax Policy Center.  18 Dec 2017
40. Heather Long.  “Trump’s Stock Market Rally is Very Good, But Still Lags Obama and Clinton.”  Washington Post.  28 Dec 2019
41. Erik Sherman.  “The S&P 500 Is at an All Time High – But Markets Still Performed Far Better Under Obama Than Trump.”  Fortune.  1 Nov 2019

42. Matthew Gardner and Steve Wamhoff.  “55 Corporations Paid $0 In Federal Taxes On 2020 Profits.”  Institute on Taxation and Economic Policy.  2 Apr 2021

43. Christopher Ingraham.  “Dozens Of America’s Biggest Businesses Paid No Federal Income Tax – Again.”  Washington Post. 5 Apr 2021 

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