Since the Tax Cuts and Jobs Act of 2017 (TCJA) was enacted, criticism of the law has focused on how it disproportionately reduced taxes for America’s high-income households. With the individual TCJA provisions set to expire at the end of 2025, policymakers have an opportunity to consider ways of taxing the wealthy in fair and efficient methods.
In a new policy brief, Ian Berlin, William G. Gale, and Kyle Pomerleau break down how the affluent earn their income, how income is taxed under current law, and how tax reform can enhance the system’s neutrality and efficiency.
The future of the digital economy. Access tojobs that require intensive use of computer technologies remain unequal by place and across demographic groups in America. Proactive policies aimed at reducing disparities are needed to support the well-being of the country’s digital economy, Robert Maxim, Mark Muro, Yang You, and Carl Romer argue.
How AI impacts the risk of war. “We need to remind ourselves that some partial advantage in AI in the future—whoever may believe they attain it—will not make future war easy or rapid victory predictable. That is not usually the nature of war,” writes Michael E. O’Hanlon.
About Brookings
The Brookings Institution is a nonprofit organization based in Washington, D.C. Our mission is to conduct in-depth, nonpartisan research to improve policy and governance at local, national, and global levels. If you were forwarded this email, sign up for the Brookings Brief to stay updated on our latest work.
The Brookings Institution,1775 Massachusetts Ave NW, Washington, DC 20036
The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars.
