Skip to content

Commit fbff78a

Browse files
committed
remove last sentence
1 parent 1bebb7f commit fbff78a

1 file changed

Lines changed: 1 addition & 1 deletion

File tree

src/posts/articles/tax-cuts-for-workers-act.ipynb

Lines changed: 1 addition & 1 deletion
Original file line numberDiff line numberDiff line change
@@ -3529,7 +3529,7 @@
35293529
"## Conclusion\n",
35303530
"\n",
35313531
"\n",
3532-
"The Tax Cuts for Workers Act would cost the federal government $65.4 billion over the 2026-35 budget window, assuming no behavioral responses. Accounting for state and local tax impacts, which add 21% to the aggregate impact beyond the federal taxes, it increases net income for 10% of the population, with an average household increase of $59 ($590 per affected household). Households in the first and second income deciles would see the largest benefits ($95 and $91 respectively). The TCWA is projected to reduce poverty by 0.3% and the Gini index of income inequality by 0.05%. While it reduces marginal tax rates for the lowest earners, substitution effects from the higher marginal tax rates in the phase-out range combine with income effects to reduce labor supply and increase costs when applying CBO’s labor supply elasticities.\n",
3532+
"The Tax Cuts for Workers Act would cost the federal government $65.4 billion over the 2026-35 budget window, assuming no behavioral responses. Accounting for state and local tax impacts, which add 21% to the aggregate impact beyond the federal taxes, it increases net income for 10% of the population, with an average household increase of $59 ($590 per affected household). Households in the first and second income deciles would see the largest benefits ($95 and $91 respectively). The TCWA is projected to reduce poverty by 0.3% and the Gini index of income inequality by 0.05%.\n",
35333533
"\n",
35343534
"We invite readers to explore this reform and others in the [PolicyEngine app](http://policyengine.org).\n"
35353535
]

0 commit comments

Comments
 (0)