CEDA Snapshots


CEDA Snapshots explores current issues in a series of short conversations with some of Australia's most influential thought-leaders.
As part of CEDA’s new snapshots series, and on the sidelines of CEDA’s Economic and Political Overview events, CEDA Chief Economist, Jarrod Ball sat down with the Commonwealth Bank of Australia’s Chief Economist and Managing Director Economics, Michael Blythe to seek his assessment of the likely impact of the US major tax reform on the US economy, globally and for Australia.

The Tax Cuts and Jobs Act, was signed into law in December last year. Some of the most significant changes include a permanent reduction in the top rate of corporate tax from 35 per cent to 21 per cent, temporarily increasing capital investment allowances and reducing personal tax rates. The static fiscal impact has been estimated at US$1.5 trillion in reduced revenues over the next 10 years. 

See more from Michael Blythe

Read his chapter in the 2018 Economic and Political Overview or watch his economic overview address here.