And Back In Fiscal-Land …


The FY2019 projected deficit balloons, as the estimated “dynamic” effects of the Tax Cuts and Jobs Act prove minor (quelle suprise!)

Source: Committee for a Responsible Federal Budget.

For the actual, recorded effects on corporate tax receipts thus far:

Figure 1: BEA, 2018Q2 3rd release. [updated 9/29 2:22PM Pacific]

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