Kristen Walker is a policy analyst for the American Consumer Institute, a nonprofit education and research organization. For more information about the Institute, visit www.theamericanconsumer.org or follow us on Twitter @ConsumerPal.
Before the 2016 Tax Cuts and Jobs Act (TCJA), it had been 30 years since any major tax cuts and revisions took place in the U.S. tax code. While most other countries had slashed...