| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25770 |
| 来源ID | Working Paper 25770 |
| Did the 2017 Tax Reform Discriminate against Blue State Voters? | |
| David Altig; Alan J. Auerbach; Patrick C. Higgins; Darryl R. Koehler; Laurence J. Kotlikoff; Michael Leiseca; Ellyn Terry; Yifan Ye | |
| 发表日期 | 2019-04-22 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | The Tax Cut and Jobs Act of 2017 (TCJA) made significant changes to corporate and personal federal income taxation, including limiting the SALT (state and local property, income and sales taxes) deductibility to $10,000. States with high SALT tend to vote Democratic. This paper estimates the differential effect of the TCJA on red- and blue-state taxpayers and investigates the importance of the SALT limitation to this differential. We calculate the effect of permanent implementation of the TCJA on households using The Fiscal Analyzer: a life-cycle, consumption-smoothing program incorporating all major federal and state fiscal policies. We find that the average percentage increase in remaining lifetime spending under the TCJA is 1.6 percent in red states versus 1.3 percent in blue states. Among the richest 10 percent of households, this differential is larger. Rich households in red states enjoyed a 2.0 percent increase compared to a 1.2 percent increase among the rich in blue-state households. This gap is driven almost entirely by the limitation on the SALT deduction. Excluding the SALT limitation from the TCJA results in a spending gain of 2.6 percent for rich red-state households compared to 2.7 percent for rich blue-state households. |
| 主题 | Microeconomics ; Households and Firms ; Market Structure and Distribution ; Welfare and Collective Choice ; Macroeconomics ; Fiscal Policy ; Public Economics ; Taxation ; Subnational Fiscal Issues |
| URL | https://www.nber.org/papers/w25770 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583444 |
| 推荐引用方式 GB/T 7714 | David Altig,Alan J. Auerbach,Patrick C. Higgins,et al. Did the 2017 Tax Reform Discriminate against Blue State Voters?. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25770.pdf（1063KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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