It’s The AAF Exchange — your source for clear, data-driven insight into today’s economic and domestic policy issues.

In this episode of the AAF Exchange, AAF’s Vice President for Economic Policy Gordon Gray and special guest Machalagh Carr – an outside AAF fiscal policy expert – discuss Congress’ consideration of extending components of the Tax Cuts and Jobs Act (TCJA) and expanding the child tax credit.

AAF products mentioned in today’s episode:

• In “The Growth Implications of ‘Tax Reform 2.0,’” AAF President Douglas Holtz-Eakin and Gray examine modeling by EY that analyzes the estimated macroeconomic effects of making permanent expiring key elements in the TCJA.
• In “Let’s Make a Tax Deal,” Holtz-Eakin discusses the House Ways and Means Committee and the Senate Finance Committee agreement to extend the child tax credit and key business tax provisions.
• In “The Earned Income Tax Credit: Program Design, History, and Options for Reform,” Gray reviews the history of the earned income tax credit, explains how the credit works, and considers the need for reforms.
• In “Reassessing the Budgetary Treatment of Refundable Tax Credits,” Gray walks through the evolution of refundable tax credits’ budgetary treatment, recent policy changes, and the trade-offs that must be considered in the design of these tax credits.
• In “Growth, the Budget, and the TCJA,” Holtz-Eakin explains the debate surrounding the TCJA’s future, with competing interests of promoting economic growth and fiscal responsibility.
• In “The Budgetary Issues Framing 2024,” Holtz-Eakin discusses the major issues contributing to the worsening budgetary crisis.
• In “Highlights of CBO’s Update to the Budget and Economic Outlook for 2024–2034,” Gray reviews CBO’s recently released updated budget and economic outlook, which provides Congress with a 10-year budget and economic baseline to assess the cost of legislation.
• In “The Economic and Budgetary Effects of Immigration Reform: S. 744 Revisited,” Holtz-Eakin translates CBO’s 2013 projected impacts of S. 744 into projected impacts over the 2024–2033 budget window.

Whether you’re on your lunch break or commuting home, The AAF Exchange will keep you up to speed on today’s most pressing policy issues.

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