![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
neonvincentI sorta promised an about me post today. Unfortunately, I was too busy writing the following post for the Coffee Party in addition to shoveling out the driveway, dealing with a garage door repairman, and shopping for food. Maybe tomorrow or maybe I'll make it a New Year's resolution.
The tax bill and the U.S. economy in 2018 and beyond
"Now it's time to examine the effects of the tax bill on the economy. I begin by saying that I doubt it will speed up the next recession or make it worse overall, although I can imagine some ways it could do either or both. What's more likely is that the law's effects will make things worse for some people, while actually having a slight positive effect on others. What the new tax regime will make much worse is not the recession that's coming next year and the year after next, but the recession after that in the mid to late 2020s, when the temporary tax cuts expire, income inequality is much worse, and the nation is more in debt."
The tax bill and the U.S. economy in 2018 and beyond
"Now it's time to examine the effects of the tax bill on the economy. I begin by saying that I doubt it will speed up the next recession or make it worse overall, although I can imagine some ways it could do either or both. What's more likely is that the law's effects will make things worse for some people, while actually having a slight positive effect on others. What the new tax regime will make much worse is not the recession that's coming next year and the year after next, but the recession after that in the mid to late 2020s, when the temporary tax cuts expire, income inequality is much worse, and the nation is more in debt."
