Economy
Latest
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It Would Take Nearly Unprecedented Economic Growth to Balance the Budget
Increased 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
At 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
Note (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
Maya 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?
Well-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
Note: 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
This 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?
On 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?
Yesterday, 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
Today, the Congressional Budget Office (CBO) released updated ten-year budgetary baseline and economic projections. Like its previous projection in...
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Do Temporary Tax Cuts Only Have A Small Impact on Growth?
While promoting tax reform, House Speaker Paul Ryan stated Tuesday that temporary tax cuts do not produce a large boost to economic growth: These...
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Marc Goldwein on NPR's Planet Money: How to Get 3% Growth
Achieving 3 percent sustained annual growth would be incredibly difficult, yet that assumption is embedded in President Trump’s proposed budget. In an...