Economy
Latest
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CBO Economic Forecasts Are Similar to the Consensus, Unlike OMB
Read moreThe Congressional Budget Office's (CBO) analysis of the President's Fiscal Year (FY) 2019 budget found that the President's policies would still...
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Can America Sustain the Recent Economic Boost?
Read moreKey Takeaways: The good news is that the economy is doing well; however, this is unlikely to turn into sustained growth at the same rate. Short-term...
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It Would Take Nearly Unprecedented Economic Growth to Balance the Budget
Read moreIncreased economic growth has often been cited as a solution to our fiscal problems or as a way to offset deficit-increasing legislation. However...
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Factchecking the Senate Budget Committee Hearing with CBO
Read moreAt least two claims in Wednesday's Senate Budget Committee hearing with Congressional Budget Office (CBO) Director Keith Hall merit fact checking...
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Rising Rates Could Further Balloon Interest Spending
Read moreNote (5/15/2018): This blog was published before CBO's April 2018 baseline, which provides official estimates of the amount of interest that will be...
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Maya MacGuineas: Federal Budget Increasingly Tilted Against Investment in Children
Read moreMaya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
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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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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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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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Highlights from CBO's June Baseline Update
Read moreToday, the Congressional Budget Office (CBO) released updated ten-year budgetary baseline and economic projections. Like its previous projection in...