The Problematic Assumption Underlying 2 Estimates Showing Weak Growth From GOP Tax Reform

There’s a key reason two estimates of the economic effects of the GOP tax bill show only small effects: they’re largely ignoring the primary mechanism that will lead to economic growth โ€“ the inflow of investment to the United States from other countries. … of investment to the United States from other countries. The Tax Policy Center (TPC) and the Joint Committee on Taxation (JCT) have produced estimates of the…