Economics
Latest
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Can Tax Reform Generate 0.4% Additional Growth?
Read moreWell-crafted tax reform would improve economic growth. While pro-growth tax reform can generate some revenue to the Treasury from the added growth, as...
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Gene Steuerle: A Debt Straightjacket or a Misdiagnosed Disease?
Read moreNoting rising public and private debt across the developed world, International Economy magazine asked a group of economists, including me, “Has the...
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Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt
Read moreAs more dynamic estimates of the Tax Cuts and Jobs Act (TCJA) are released, they all confirm that tax cuts do not pay for themselves. Because both the...
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Checking the Facts on the Steve Forbes-Maya MacGuineas Tax Discussion
Read moreOn Mornings With Maria, publisher and former presidential candidate Steve Forbes made several claims about tax cuts and economic growth during a...
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Under Dynamic Scoring, House Tax Bill Still Explodes the Debt
Read moreNote: this blog has been updated to reflect the Tax Foundation's corrected growth and revenue numbers. Recent dynamic estimates of the Tax Cuts and...
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Chartbook: Dynamic Scoring and Tax Reform
Read moreThis presentation covers that tax cuts don't pay for themselves, smart tax reform can generate $300 billion to $400 billion of dynamic revenues (not...
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Have Stock Market Gains Reduced the National Debt?
Read moreOn Fox News last night, President Trump claimed the growth in the stock market has reduced the national debt. It has not. The two measures are not...
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Are Today's Seniors Facing a "Retirement Crisis?" Not Really
Read moreNumerous headlines have claimed that we are facing a “retirement crisis,” and that most Americans are not saving enough to maintain their standard of...
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Marc Goldwein: National Debt: Yes, Rising Annual Deficits Threaten the U.S. Economy
Read moreMarc Goldwein is the senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote a column...
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Does 3% Growth Mean We Can Go Much Higher?
Read moreYesterday, President Trump gave a speech in which he mentioned that the U.S. economy grew 3.0 percent in the second quarter. While this is a solid...
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Do Retroactive Tax Cuts Do Much to Boost Economic Growth?
Read moreAs talk of tax reform heats up, some are calling for tax cuts to be made retroactive. An article in The Hill reports that Representative Mark Meadows...
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Judd Gregg: The Fed Leaps into the Unknown
Read moreThe Trump administration does not seem to consider the deficit or the federal debt to be much of a concern.