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April 2019 Newsletter

This is a monthly newsletter of PSL model releases, events, and updates.
Subscribe at http://www.pslmodels.org and follow us on Twitter @PSLModels

Behavioral-Responses

Behavioral-Responses is a partial-equilibrium behavioral module that works with Tax-Calculator

Releases

Cost-of-Capital-Calculator

Evaluates the effect of US federal taxes on businesses' investment incentives

Releases
  • Release 0.2.9
    • Changes repository name from B-Tax to Cost-of-Capital-Calculator and changes name of Python package from btax to ccc.
    • Includes new parameters class object that performs parameter validation and allows users to modify all parameters of the model.
Events and Conferences
  • Jason DeBacker will present and demo CCC at the April PSL meeting on April 29th in Washington, DC. Link

ParamTools

ParamTools is a library for parameter processing and validation with a focus on computational modeling projects

Releases
  • Release 0.4.0
    • Promotes the tax parameters to be the prominent example in the documentation (PR #35).
    • Behavior-Responses parameter example and cleaner error messages (PR #37).
    • Adds ability to delete parameter value objects by their value to None (PR #38).
    • Uses conda to set up the ParamTools development environment and for packing (PR #41).

Tax-Calculator

Tax-Calculator is a USA federal individual income and payroll tax microsimulation model

Releases
  • Release 1.2.0
    • Adds JSON reform file for tax provisions in Sanders-DeFazio "Social Security Expansion Act" (PR #2266).
    • Adds ability to handle larger values of integer parameters in Parameter class (PR #2269).
  • Release 1.1.0
    • Provides more flexibility in specifying structural EITC reforms that make the credit more individualized (PR #2254).
    • Uses new data input files that are generated using January 2019 CBO economic projection; extends budget years through 2029 (PR #2255).
General Updates
  • Alan Viard (AEI) estimates the impact of TCJA's increase of the standard deduction. Link
  • In its annual report, the Council of Economic Advisers uses Tax-Calculator to analyze the expanded child tax credit. Link
PSL Catalog
  • Behavioral-Responses is a partial-equilibrium behavioral module that works with Tax-Calculator.
  • Cost-of-Capital-Calculator evaluates the effect of US federal taxes on businesses' investment incentives.
  • OG-USA is an overlapping-generations model for evaluating fiscal policy in the United States.
  • ParamTools is a library for parameter processing and validation with a focus on computational modeling projects.
  • Tax-Calculator is a USA federal individual income and payroll tax microsimulation model.
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