https://macropaperwarehouse.com/authors/patrick-j.-kennedy/Patrick J. KennedyHugo -- gohugo.ioen-usThu, 01 Jan 2026 00:00:00 +0000https://macropaperwarehouse.com/papers/corporate-tax-cuts-firm-growth-and-workers-earnings/Thu, 01 Jan 2026 00:00:00 +0000https://macropaperwarehouse.com/papers/corporate-tax-cuts-firm-growth-and-workers-earnings/<p>This paper estimates the firm- and worker-level effects of the corporate income tax cuts in the 2017 Tax Cuts and Jobs Act (TCJA) — the largest corporate tax cut in U.S. history — to inform the long-running efficiency-versus-equity debate over corporate taxation. The question matters because federal corporate tax reforms are rare, prior credible evidence comes mostly from subnational or small-economy variation (where factors are more mobile and the tax base smaller), and theory predicts alternate instruments behave differently, so existing estimates may not extrapolate to a major reform in a large advanced economy.</p>