Menu
The Goodman Institute Health Blog
  • Home
  • Authors
    • Devon Herrick, Ph.D.
    • John C. Goodman
  • Popular Topics
    • Artificial Intelligence and Healthcare
    • Consumer-Driven Health Care
      • Affordable Care Act
      • Cost of Healthcare
      • COVID-19 and Public Health
      • Doctors & Hospitals
      • Public Insurance
      • Policy & Legislation
    • Direct Primary Care
    • Health Economics & Costs
      • Drug Prices & Regulations
      • Health Insurance
      • Health Reform
    • Medical Tourism
    • Telemedicine
    • Medicare
      • Single-Payer/Medicare-for-All
  • Goodman Institute
  • Contact
The Goodman Institute Health Blog

GOP Tax Cut Paid for Itself

Posted on December 23, 2022 by Pieter Vorster

The original Ryan/Brady tax reform bill was the brainchild of Larry Kotlikoff and Alan Auerbach and is described in this Goodman Institute report.

Critics at the time said that the Tax Cuts & Jobs Act of 2017 would produce an irresponsible increase in the federal deficit. Look at the latest results:

  • Total federal revenue this year reached $4.9 trillion, the highest in recorded history.
  • That is $900 billion more than CBO projected for FY 2022 when TCJA passed.
  • It is $1.6 trillion more than the pre-TCJA revenue levels.
  • It is 20% of GDP, tied for the highest level in 77 years.

Rep Jason Smith, Ranking member of the House Budget committee

Join the conversation.Cancel reply

For many years, our health care blog was the only free enterprise health policy blog on the internet. Then, when the NCPA closed its doors, the health blog stopped as well.

During this five-year hiatus no one else has come forward to claim the space. So, my colleagues and I have decided to restart the blog in connection with the Goodman Institute. We invite you and others to use this forum to share your views.

John C. Goodman,

Visit www.goodmaninstitute.org

Subscribe via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 36 other subscribers

Popular Topics

©2025 The Goodman Institute Health Blog | Website by Lexicom