Tax policy and charitable giving: an evaluation of the Tax Cuts and Jobs Act 2017 and its impact on charitable contributions

2021 ◽  
Author(s):  
Scott Haveman ◽  
Colin O’Reilly
Keyword(s):  
Political Economy ◽  
Tax Policy ◽  
Charitable Giving ◽  
Sharp Decrease ◽  
The Political ◽  
Charitable Contributions ◽  
Standard Deduction ◽  
The Media ◽  
Jobs Act ◽  
Tax Cuts

Studies of how the Tax Cuts and Jobs Act 2017 will affect charitable giving narrowly focus on the increase in the standard deduction. Based on these studies, the media and policy analysts warned that the Tax Cuts and Jobs Act would lead to a sharp decrease in charitable giving. However, these predictions did not fully account for some of the nuances in the tax code and the political economy of changes to tax policy. We explain that a richer analysis includes the political response of interest groups. Tax provisions other than changes to the standard deduction, such as an increase in the adjusted gross income limit, mean that the Tax Cuts and Jobs Act may change the composition of giving but that it is unlikely to have a large impact on overall giving. To supplement our analytical narrative, we present statistics on the pattern of charitable giving and estimate a predictive autoregressive model of overall charitable giving. The results show that the change in giving after the implementation of the Tax Cuts and Jobs Act cannot be distinguished from zero. We conclude that misleading interpretations about the effect of the Tax Cuts and Jobs Act on overall charitable giving are due to the omission of political economy from the analysis.

scholarly journals Is This Tax Reform, or Just Confusion?

2018 ◽  
Vol 32 (4) ◽  
pp. 73-96 ◽  
Author(s):  
Joel Slemrod
Keyword(s):  
United States ◽  
Tax Reform ◽  
The United States ◽  
The Political ◽  
Political Will ◽  
Tax Base ◽  
Tax System ◽  
The Law ◽  
Jobs Act ◽  
Tax Cuts

Based on the experience of recent decades, the United States apparently musters the political will to change its tax system comprehensively about every 30 years, so it seems especially important to get it right when the chance arises. Based on the strong public statements of economists opposing and supporting the Tax Cuts and Jobs Act of 2017, a causal observer might wonder whether this law was tax reform or mere confusion. In this paper, I address that question and, more importantly, offer an assessment of the Tax Cuts and Jobs Act. The law is clearly not “tax reform” as economists usually use that term: that is, it does not seek to broaden the tax base and reduce marginal rates in a roughly revenue-neutral manner. However, the law is not just a muddle. It seeks to address some widely acknowledged issues with corporate taxation, and takes some steps toward broadening the tax base, in part by reducing the incentive to itemize deductions.

scholarly journals EKONOMI POLITIK MEDIA: PADA PEMBERITAAN MENJELANG PEMILIHAN GUBERNUR BANTEN 2017 OLEH RADAR BANTEN DAN BARAYA TV

INFORMASI ◽  
2016 ◽  
Vol 46 (2) ◽  
pp. 155
Author(s):  
Achmad Nashrudin P
Keyword(s):  
Political Economy ◽  
Qualitative Approach ◽  
The Political ◽  
Media Relations ◽  
Economic Interests ◽  
Political Economy Of Media ◽  
Political Interests ◽  
Depth Interview ◽  
The Press ◽  
The Media

Research on Political Economy of Media: At the news ahead of elections for the governor of Banten in 2017 by Radar Banten and Baraya TV, phenomenon triggered by the loosening of the values of objectivity and independence of the mass media in carrying out its functions as set in the Press Law and the Broadcasting Law. At the time of the campaign, the candidates for governor and lieutenant governor are competing to get the “place ‘and is known well as sell to prospective election promise to get sympathy. At the time, the media seemed to forget the function and position. This study aims to determine the phenomenon of media relations with the candidates and how the phenomenon of the political economy of media in both institutions (Radar Banten and Baraya Pos) at the time before the election for governor of Banten in 2017. This study uses this study used a qualitative approach, with the constructivist paradigm and using the method of data collection through the depth-interview, the informant was elected. The results of the study illustrate that media relations (relations between) media with prospective relatively loose, drawn from observations and interviews show that the two media are “very affectionate” with the candidates, and the media policy in lifting more headlines have suggested the economic interests vis a vis political interests.

Re-Engaging Critical Communication Studies With Social Classes

2020 ◽  
pp. 78-97
Author(s):  
Gökhan Bulut
Keyword(s):  
Political Economy ◽  
Class Struggle ◽  
Capitalist Society ◽  
Social Classes ◽  
Homogeneous Structure ◽  
The Political ◽  
Class Relations ◽  
The Media ◽  
Communication Practices ◽  
The Relationship

This article is an attempt to reestablish the linkage of the political economy of communication with the field of social classes and class relations. Studies in the field of political economy of communication are mostly shaped within the scope of instrumentalist explanation: Social communication institutions such as communication and media are perceived as a very homogeneous structure and these institutions are directly considered as the apparatus of capital and capitalists. However, in this study, it is argued that in capitalist societies, communication, and media should be understood as a field and medium of class struggle loaded with contradictions. Another point is that the political economy of communication is mostly limited to media studies. However, in today's capitalist societies, the media is not the only structure and actor in which communication forms. In this study, communication practices in capitalist society are discussed in the context of class discussions and the relationship between class struggle, culture and communication is discussed.

Election reporting and githerinization of Kenya’s media

2020 ◽  
Vol 12 (3) ◽  
pp. 255-266 ◽  
Author(s):  
Wilson Ugangu
Keyword(s):  
Political Economy ◽  
Political Communication ◽  
Theoretical Perspective ◽  
Political Campaigns ◽  
The Political ◽  
Private Ownership ◽  
The Media ◽  
Media Politics ◽  
The Relationship

Kenya’s media landscape has greatly transformed since the reforms of the 1990s, resulting in increased private ownership of media. The relationship between the media, politics and the citizen has been the most affected by these transformations. Using examples from Kenya’s 2017 elections, this article attempts to show how this relationship has changed and the opportunities and challenges for modern political communication. This article argues that although new trends in political communication have resulted in complex and dynamic political campaigns, they have also resulted in the atomization and alienation of the citizen in the democratic enterprise. This analysis is made against the backdrop of the political economy of the media theoretical perspective and, to an extent, emerging literature on media and globalization and attendant forces on the Kenyan society in general.

The political economy of the media in the Somali conflict

2015 ◽  
Vol 43 (147) ◽  
pp. 43-57 ◽  
Author(s):  
Nicole Stremlau ◽  
Emanuele Fantini ◽  
Ridwan M. Osman
Keyword(s):  
Political Economy ◽  
The Political ◽  
The Media

The Political Economy of the Media: Coverage of the Lumber Tariff Dispute

World Economy ◽  
2006 ◽  
Vol 29 (5) ◽  
pp. 655-667 ◽  
Author(s):  
Patricia Kuzyk ◽  
Jill J. McCluskey
Keyword(s):  
Political Economy ◽  
Media Coverage ◽  
The Political ◽  
The Media

scholarly journals Critical Media and Communication Studies Today. A Conversation

1970 ◽  
Vol 9 (2) ◽  
pp. 247-271 ◽  
Author(s):  
Christian Fuchs ◽  
Dwayne Winseck
Keyword(s):  
Political Economy ◽  
Karl Marx ◽  
The Political ◽  
Communication Studies ◽  
Critical Media ◽  
The Status ◽  
Political Economies ◽  
The Media ◽  
Media And Communication

This article documents a conversation between us that was first published in parallel on our two blogs http://dwmw.wordpress.com and http://fuchs.uti.at/blog. The conversation deals with our assessments of the status of Critical Media and Communication Studies today. We discuss the work of Dallas Smythe, how to study and assess Google, research dimensions of Critical Political Economy of the Media, how important each of these dimensions should be, the role of ideology critique for Critical Political Economy of the Media, the commonalities and differences between Political Economies of the Media and Critical Political Economy of the Media/Critique of the Political Economy of the Media, the role of Karl Marx for Political Economies of the Media, Nicholas Garnham's recent comments on the field of Critical Political Economy of the Media, neoliberalism and capitalist crisis as contexts for Political Economies of the Media. Comments are very welcome on our blogs, URLs to the specific blog postings can be found in the article sections.

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