This issue brief presents the results of a dynamic model similar in nature to the macroeconomic models used by the Congressional Budget Office and Joint Committee on Taxation in evaluating the Tax Cuts and Jobs Act of 2017. The model shows a modest decline in wealth inequality due to the corporate tax cuts in the TCJA.
Many argue that sales and excise taxes are regressive based on the strict relationship between annual income and taxes paid, but the burden of higher sales taxes may actually fall more heavily on households with higher lifetime incomes.
On May 23, Mexican President Enrique Peña Nieto signed a series of bills to implement constitutional changes to the country’s political and electoral processes. The reforms bring some of the most dynamic shifts to Mexican politics since the 1990s, including replacing the Federal Electoral Institute (IFE) with the National Electoral Institute (INE). The new INE and the measures behind it now strive to replicate the IFE’s success in the country's states and municipalities.