Tag: Inflation Reduction Act

Redistribution in Reverse: The Macroeconomics of the OBBB with Addendum on the Senate Version

Jul 1, 2025

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by

Mary Eschelbach Hansen

in Corporate Income Tax, Personal Income Tax, Publications, Reports

This amended policy brief evaluates the macroeconomic and distributional implications of both the House-passed and Senate-passed versions of the One Big Beautiful Bill (OBBB). The Senate (and final) version is largely similar to the House bill in structure and priorities. Both preserve the core individual income tax provisions of the 2017 Tax Cuts and Jobs…
Repealing the Clean Energy Credits: A Macroeconomic Assessment of the GOP Proposal

Mar 11, 2024

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by

Mary Eschelbach Hansen

in Publications, Reports, Science and Technology Policy

This brief explains a new analysis of a Republican proposal to repeal the clean energy credits from the 2022 Inflation Reduction Act. The analysis finds that withdrawal of the clean energy credits would reduce GDP by approximately 2% in the long run from its anticipated level under current policy, while depressing employment and wages by…