State-by-State Job Impacts of the Tax Cuts and Jobs Act in 2018
July 19, 2018
Today, we’ve released updated state-by-state analysis of the Tax Cuts and Jobs Act. Our Taxes and Growth model estimates that the Tax Cuts and Jobs Act will create 215,000 full-time equivalent (FTE) jobs in 2018.
As we’ve written previously, the Tax Cuts and Jobs Act is a pro-growth tax reform, which will increase long-run GDP, raise wages, and create jobs. While tax changes can take years to materialize, we do expect to see an increase in jobs within the first year.
The table below illustrates the state-by-state impact of the new tax law. You can also use our new interactive map tool to better visualize the updated data here.