Tag: SALT deduction

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

Jul 1, 2025

—

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…