First Tax Day Under the Tax Cuts and Jobs Act

CNN reported on the first Tax Day under the Tax Cuts and Jobs Act. Lydia Depillis highlighted key economic effects of the 2017’s Tax Cuts and Jobs Act.

The article cites PWBM’s work that attributes 2018’s surge in business investment to oil prices. She notes that the tax law may affect charitable contributions. In fact, PWBM estimated that the tax law reduced the incentive to make charitable contributions.