Fiscal FactCheck

The next President will need to confront a number of budgetary challenges and will likely sign into law many federal tax and spending changes. But...

Some advocates of tax cuts have suggested such cuts will not lose revenue since they will spur economic growth and thus produce enough additional tax...

Many candidates will suggest some form of a balanced budget amendment (BBA). Even in the best case, such an amendment is a supplement rather than a...

Some policymakers and commentators have conflated calls for deficit reduction with calls for austerity. It is true that some countries have enacted...

The U.S. has been experiencing very low health care cost growth by historical standards since 2009, and projec- tions of federal health care spending...

Another debt myth is that even if the long-term debt outlook is a problem, there is no need to address the debt now – it can be dealt with later. This...

Some candidates may propose to repeal the Affordable Care Act (ACA), also known as “Obamacare,” in order to solve the fiscal situation. But repealing...

One common argument against increasing tax revenue is that it requires raising marginal tax rates, which could severely damage economic growth by...

Since the Great Recession, the deficit has fallen by about two-thirds, from $1.4 trillion in 2009 to $485 billion in 2014, a fact that some have used...

This morning, Governor Chris Christie (R-NJ) delivered an important speech in New Hampshire on the need for entitlement reform. The speech not only...

As the Senate works this week to increase the debt, Sen. Marco Rubio (R-FL) outlined a series of reforms to Social Security, Medicare, and retirement...