The architects of the 2017 tax code overhaul had lofty goals: They predicted the law would make filing your taxes easier, boost wages and investment, and cut tax rates without increasing the deficit.
The Tax Cuts and Jobs Act of 2017 made broad changes to the tax system, lowering corporate and individual rates, boosting the standard deduction, creating new incentives, and overhauling the way multinational companies are taxed.
On the latest episode of our weekly podcast, Talking Tax, Bloomberg Tax reporter Lydia O'Neal spoke with Tax Foundation economist Erica York and Institute on Taxation and Economic Policy senior fellow Matt Gardner about which of the law's stated goals came to fruition.