McCaffery's scholarship has been widely cited by economists, government officials, journalists and policy analysts.
McCaffery has served as an official consultant to the Russian Federation to help design a comprehensive tax code.
magna cum laude from Harvard Law School and a master's degree in economics from the University of Southern California.
He served as a clerk to Chief Justice Robert N. Wilentz of the New Jersey Supreme Court and was an attorney with Titchell, Maltzman, Mark, Bass, Ohleyer & Mishel before joining the USC Law faculty in 1989.
He has chaired the USC Institute on Federal Taxation since 1997, and he founded the USC–Caltech Center for the Study of Law and Politics and served as its director from 2000 to 2003.