The 500-page tax law recently signed by President Trump made big changes to a lot of pieces of the tax code, including eliminating or limiting some deductions that American families have relied on to decrease their tax bills. In other cases, some deductions or exemptions were expanded. Here are some of the biggest ways these … Continued
There are two ways the new tax law could meaningfully affect American jobs. First, the law creates enormous incentives for corporations to move jobs overseas. Over time, this could increase the trend toward outsourcing and offshoring. Second, the new law makes it cheaper for companies to replace jobs through automation. Shifting Jobs Overseas For many … Continued