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Deregulation, tax policy, and certainty: foundations of the U.S. recovery

Author

Listed:
  • Michael J. Chow

    (National Federation of Independent Business Research Center)

  • William C. Dunkelberg

    (National Federation of Independent Business Research Center)

Abstract

This paper focuses on the impact that the change in direction of economic policy ushered in by the Trump administration has had on the performance of the U.S. economy. Since the 2016 election, economic activity and performance in the small business sector of the economy has soared to record levels as documented by the National Federation of Independent Business’s (NFIB) Small Business Economic Trends survey. The Tax Cuts and Jobs Act, deregulation, and certainty have been critical to energizing this important sector. NFIB’s data demonstrate the strong correlation between implementing pro-growth policies and job creation, investment, wage growth, and profits.

Suggested Citation

  • Michael J. Chow & William C. Dunkelberg, 2019. "Deregulation, tax policy, and certainty: foundations of the U.S. recovery," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 54(4), pages 211-225, October.
    • Handle: RePEc:pal:buseco:v:54:y:2019:i:4:d:10.1057_s11369-019-00138-3
    DOI: 10.1057/s11369-019-00138-3
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    References listed on IDEAS

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    1. Congressional Budget Office, 2018. "The 2018 Long-Term Budget Outlook," Reports 53919, Congressional Budget Office.
    2. Congressional Budget Office, 2018. "The Long-Term Budget Outlook Under Alternative Scenarios for Fiscal Policy," Reports 54325, Congressional Budget Office.
    Full references (including those not matched with items on IDEAS)

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