An agenda for the Federal Reserve’s review of its monetary policy framework


An agenda for the Federal Reserve’s review of its monetary policy framework



Winners and losers in the Tax Cuts and Jobs Act

President Trump and Congressional Republicans celebrate after Congress passed sweeping tax overhaul legislation.

Adam Looney, a senior fellow in Economic Studies and former deputy assistant secretary for tax analysis at the U.S. Treasury Department, discusses the good, the bad, and the ugly parts of the recently passed Tax Cuts and Jobs Act, which President Donald Trump signed into law on December 22, and explains the implications it will have on pass-through businesses, individual and corporate tax rates, and more.

Also in this episode, Jenny Schuetz, David M. Rubenstein Fellow in the Metropolitan Policy Program, explains in our latest Metro Lens segment how a provision in the new tax plan which lowers the mortgage interest deduction amount could affect home values and potential home owners.

Show notes:

Distributional Analysis of the Conference Agreement for the Tax Cuts and Jobs Act

How the new tax bill encourages tax avoidance

How the tax bill will penalize wage earners, in one chart

Senate tax bill: Lower rates for corporations? Check. Broadening the tax base? Not so much.

Thanks to audio producer Gaston Reboredo with assistance from Mark Hoelscher, and to producer Brennan Hoban. Additional support comes from Chris McKenna, Jessica Pavone, Eric Abalahin, Rebecca Viser, and David Nassar.

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The Brookings Cafeteria is a part of the Brookings Podcast Network.