The growth rate of tax revenue in the first three quarters of 2019 is respectively 5.4%，-3.3% and-3.7%，with a cumulative growth rate of -0.4%. It is expected that the fourth quarter will still maintain a negative growth trend. Tax cuts totaled 1510.9 billion yuan in the first three quarters of 2019，and VAT and individual income tax cuts totaled 703.5 billion yuan and 442.6 billion yuan respectively. It is expected that tax and fee cuts will exceed 2 trillion yuan in 2019. China’s macro tax burden level is expected to further decrease in 2019 and 2020. We should pay attention to the impact of tax and fee cuts policies on fiscal operation，and further optimize relevant policies on the basis of assessing the effects of the policies.