TechMarginal Revolutionabout 4 hours ago
Labor market effects of the Tax Cuts and Jobs Act
2 min read
Tax cuts equal to 1 percent of Adjusted Gross Income under the Tax Cuts and Jobs Act raised the labor force participation rate by 0.7, 1 percentage point and payroll employment by 0.8, 1.5 percent over two years. The study used state-level tax variation and NBER-TAXSIM data.
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