The impact of the tax cuts and jobs act of 2017 on the US government debt
There have been three major tax cuts in the modern US history: 1) the Tax Cuts and Jobs Act of 2017; 2) the Economic Growth and Tax Relief Reconciliation Act of 2001; and 3) the Economic Recovery Act of 1981. Each of the first two major tax cuts had increased the federal debt. Just about everybody a...
Gespeichert in:
| Veröffentlicht in: | International journal of finance & banking studies 2018-01, Vol.7 (4), p.1-9 |
|---|---|
| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 9 |
|---|---|
| container_issue | 4 |
| container_start_page | 1 |
| container_title | International journal of finance & banking studies |
| container_volume | 7 |
| creator | Xu, Min |
| description | There have been three major tax cuts in the modern US history: 1) the Tax Cuts and Jobs Act of 2017; 2) the Economic Growth and Tax Relief Reconciliation Act of 2001; and 3) the Economic Recovery Act of 1981. Each of the first two major tax cuts had increased the federal debt. Just about everybody agrees that US federal debt is on an unsustainable path. Can we afford another major tax cut without trigging a major economic disaster such as the Great Recession of 2007-2009? This article discusses an overview of this new law, the impact of the first two major tax cuts on the federal debt, the impact of the Tax Cuts and Job Acts on the US government debt, and its consequences. |
| doi_str_mv | 10.20525/ijfbs.v7i4.200 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2227402207</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2227402207</sourcerecordid><originalsourceid>FETCH-LOGICAL-c1717-b288f13a3095c2798edcb008783f676ebd3b9b866b6853d9055235bbba4239753</originalsourceid><addsrcrecordid>eNpNkM1Lw0AQxRdRsNSevS54Tjs7-5mjFD8KBQ-255BNNppgs3U3Lfrfu20EPc2bN7-ZgUfILYM5gkS5aLvGxvlRtyIZcEEmyITOhDDq8p--JrMYOwBgaFQyJ2S1eXe03e3LaqC-oUPqhvKLVoch0rKvaedtEuMQgWnq-zO0faVv_uhCv3P9QGtnhxty1ZQf0c1-65RsHx82y-ds_fK0Wt6vs4pppjOLxjSMlxxyWaHOjasrC2C04Y3Sytma29wapawyktc5SIlcWmtLgTzXkk_J3Xh3H_znwcWh6Pwh9OllgYhaACLoRC1Gqgo-xuCaYh_aXRm-CwbFObLiHFlxiiwZkDbouOEq37fxj1dKocilEvwHGsdnLw</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2227402207</pqid></control><display><type>article</type><title>The impact of the tax cuts and jobs act of 2017 on the US government debt</title><source>Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals</source><creator>Xu, Min</creator><creatorcontrib>Xu, Min</creatorcontrib><description>There have been three major tax cuts in the modern US history: 1) the Tax Cuts and Jobs Act of 2017; 2) the Economic Growth and Tax Relief Reconciliation Act of 2001; and 3) the Economic Recovery Act of 1981. Each of the first two major tax cuts had increased the federal debt. Just about everybody agrees that US federal debt is on an unsustainable path. Can we afford another major tax cut without trigging a major economic disaster such as the Great Recession of 2007-2009? This article discusses an overview of this new law, the impact of the first two major tax cuts on the federal debt, the impact of the Tax Cuts and Job Acts on the US government debt, and its consequences.</description><identifier>ISSN: 2147-4486</identifier><identifier>EISSN: 2147-4486</identifier><identifier>DOI: 10.20525/ijfbs.v7i4.200</identifier><language>eng</language><publisher>Istanbul: Society for the Study of Business and Finance</publisher><subject>Budget deficits ; Councils ; Economic development ; Economic growth ; Economic recovery ; Federal government ; GDP ; GNP ; Gross Domestic Product ; Gross National Product ; Growth models ; Interest rates ; Investment advisors ; National debt ; Presidents ; Recessions ; Reconciliation ; Relief provisions ; Sovereign debt ; Tax cuts ; Tax Cuts & Jobs Act 2017-US ; Tax rates ; Tax reform ; Treasuries ; Trump, Donald J</subject><ispartof>International journal of finance & banking studies, 2018-01, Vol.7 (4), p.1-9</ispartof><rights>2018. This work is published under NOCC (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c1717-b288f13a3095c2798edcb008783f676ebd3b9b866b6853d9055235bbba4239753</citedby><cites>FETCH-LOGICAL-c1717-b288f13a3095c2798edcb008783f676ebd3b9b866b6853d9055235bbba4239753</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27924,27925</link.rule.ids></links><search><creatorcontrib>Xu, Min</creatorcontrib><title>The impact of the tax cuts and jobs act of 2017 on the US government debt</title><title>International journal of finance & banking studies</title><description>There have been three major tax cuts in the modern US history: 1) the Tax Cuts and Jobs Act of 2017; 2) the Economic Growth and Tax Relief Reconciliation Act of 2001; and 3) the Economic Recovery Act of 1981. Each of the first two major tax cuts had increased the federal debt. Just about everybody agrees that US federal debt is on an unsustainable path. Can we afford another major tax cut without trigging a major economic disaster such as the Great Recession of 2007-2009? This article discusses an overview of this new law, the impact of the first two major tax cuts on the federal debt, the impact of the Tax Cuts and Job Acts on the US government debt, and its consequences.</description><subject>Budget deficits</subject><subject>Councils</subject><subject>Economic development</subject><subject>Economic growth</subject><subject>Economic recovery</subject><subject>Federal government</subject><subject>GDP</subject><subject>GNP</subject><subject>Gross Domestic Product</subject><subject>Gross National Product</subject><subject>Growth models</subject><subject>Interest rates</subject><subject>Investment advisors</subject><subject>National debt</subject><subject>Presidents</subject><subject>Recessions</subject><subject>Reconciliation</subject><subject>Relief provisions</subject><subject>Sovereign debt</subject><subject>Tax cuts</subject><subject>Tax Cuts & Jobs Act 2017-US</subject><subject>Tax rates</subject><subject>Tax reform</subject><subject>Treasuries</subject><subject>Trump, Donald J</subject><issn>2147-4486</issn><issn>2147-4486</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2018</creationdate><recordtype>article</recordtype><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNpNkM1Lw0AQxRdRsNSevS54Tjs7-5mjFD8KBQ-255BNNppgs3U3Lfrfu20EPc2bN7-ZgUfILYM5gkS5aLvGxvlRtyIZcEEmyITOhDDq8p--JrMYOwBgaFQyJ2S1eXe03e3LaqC-oUPqhvKLVoch0rKvaedtEuMQgWnq-zO0faVv_uhCv3P9QGtnhxty1ZQf0c1-65RsHx82y-ds_fK0Wt6vs4pppjOLxjSMlxxyWaHOjasrC2C04Y3Sytma29wapawyktc5SIlcWmtLgTzXkk_J3Xh3H_znwcWh6Pwh9OllgYhaACLoRC1Gqgo-xuCaYh_aXRm-CwbFObLiHFlxiiwZkDbouOEq37fxj1dKocilEvwHGsdnLw</recordid><startdate>20180101</startdate><enddate>20180101</enddate><creator>Xu, Min</creator><general>Society for the Study of Business and Finance</general><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7XB</scope><scope>885</scope><scope>8FK</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>EDSIH</scope><scope>FRAZJ</scope><scope>FRNLG</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M1F</scope><scope>PIMPY</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope></search><sort><creationdate>20180101</creationdate><title>The impact of the tax cuts and jobs act of 2017 on the US government debt</title><author>Xu, Min</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c1717-b288f13a3095c2798edcb008783f676ebd3b9b866b6853d9055235bbba4239753</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2018</creationdate><topic>Budget deficits</topic><topic>Councils</topic><topic>Economic development</topic><topic>Economic growth</topic><topic>Economic recovery</topic><topic>Federal government</topic><topic>GDP</topic><topic>GNP</topic><topic>Gross Domestic Product</topic><topic>Gross National Product</topic><topic>Growth models</topic><topic>Interest rates</topic><topic>Investment advisors</topic><topic>National debt</topic><topic>Presidents</topic><topic>Recessions</topic><topic>Reconciliation</topic><topic>Relief provisions</topic><topic>Sovereign debt</topic><topic>Tax cuts</topic><topic>Tax Cuts & Jobs Act 2017-US</topic><topic>Tax rates</topic><topic>Tax reform</topic><topic>Treasuries</topic><topic>Trump, Donald J</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Xu, Min</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>Banking Information Database (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Accounting, Tax & Banking Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Turkey Database</collection><collection>Accounting, Tax & Banking Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>Banking Information Database</collection><collection>Publicly Available Content Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ProQuest Central Basic</collection><jtitle>International journal of finance & banking studies</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Xu, Min</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The impact of the tax cuts and jobs act of 2017 on the US government debt</atitle><jtitle>International journal of finance & banking studies</jtitle><date>2018-01-01</date><risdate>2018</risdate><volume>7</volume><issue>4</issue><spage>1</spage><epage>9</epage><pages>1-9</pages><issn>2147-4486</issn><eissn>2147-4486</eissn><abstract>There have been three major tax cuts in the modern US history: 1) the Tax Cuts and Jobs Act of 2017; 2) the Economic Growth and Tax Relief Reconciliation Act of 2001; and 3) the Economic Recovery Act of 1981. Each of the first two major tax cuts had increased the federal debt. Just about everybody agrees that US federal debt is on an unsustainable path. Can we afford another major tax cut without trigging a major economic disaster such as the Great Recession of 2007-2009? This article discusses an overview of this new law, the impact of the first two major tax cuts on the federal debt, the impact of the Tax Cuts and Job Acts on the US government debt, and its consequences.</abstract><cop>Istanbul</cop><pub>Society for the Study of Business and Finance</pub><doi>10.20525/ijfbs.v7i4.200</doi><tpages>9</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 2147-4486 |
| ispartof | International journal of finance & banking studies, 2018-01, Vol.7 (4), p.1-9 |
| issn | 2147-4486 2147-4486 |
| language | eng |
| recordid | cdi_proquest_journals_2227402207 |
| source | Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals |
| subjects | Budget deficits Councils Economic development Economic growth Economic recovery Federal government GDP GNP Gross Domestic Product Gross National Product Growth models Interest rates Investment advisors National debt Presidents Recessions Reconciliation Relief provisions Sovereign debt Tax cuts Tax Cuts & Jobs Act 2017-US Tax rates Tax reform Treasuries Trump, Donald J |
| title | The impact of the tax cuts and jobs act of 2017 on the US government debt |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-05T04%3A01%3A35IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=The%20impact%20of%20the%20tax%20cuts%20and%20jobs%20act%20of%202017%20on%20the%20US%20government%20debt&rft.jtitle=International%20journal%20of%20finance%20&%20banking%20studies&rft.au=Xu,%20Min&rft.date=2018-01-01&rft.volume=7&rft.issue=4&rft.spage=1&rft.epage=9&rft.pages=1-9&rft.issn=2147-4486&rft.eissn=2147-4486&rft_id=info:doi/10.20525/ijfbs.v7i4.200&rft_dat=%3Cproquest_cross%3E2227402207%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2227402207&rft_id=info:pmid/&rfr_iscdi=true |