JCT’s Analysis Shows The Tax Plans “Pay For Themselves” In Higher GDP

Since the release of the Joint Committee on Taxation’s (JCT) dynamic scoring of the House and Senate tax plans there has been a great deal of commentary about how the plans “don’t pay for themselves.” Critics point to JCT’s estimate that the growth generated by the plans reduces the expected revenue loss from roughly $1.5 trillion over ten years to around $1 trillion as some sort of failure of the plan, even though JCT’s model showed that the tax plans increased the size of the economy.… Read more

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Missouri Bill Would Sunset 47 Tax Credits

A Missouri bill introduced for consideration in the upcoming 2018 session would sunset 47 state tax credits, part of a continuing nationwide trend toward greater accountability on tax preferences. The bill’s sponsor, Rep. Dan Stacy (R), credits the June report of the state’s Committee on Simple, Fair, and Low Taxes, for inspiring the legislation.… Read more

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