Fiscal FactCheck
Latest
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Does the State & Local Tax Deduction Mostly Help High-Income Households?
At a press briefing yesterday, White House Press Secretary Sarah Huckabee Sanders defended the fact that the Big 6 tax plan removes the state and...
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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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Are We Spending Billions of Dollars More on the Military?
During his speech detailing his new strategy for Afghanistan, President Trump said, "Under my administration, many billions of dollars more is being...
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Do Retroactive Tax Cuts Do Much to Boost Economic Growth?
As 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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Is CBO's Math on the BCRA Wrong Because It Uses Faulty Numbers?
The White House tweeted out a video Wednesday saying "the Congressional Budget Office's [CBO] math doesn't add up" because they use "faulty numbers."...
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Did the Trade Deficit Cause $20 Trillion in Debt?
In a meeting with South Korean President Moon Jae-in, President Trump suggested that the national debt is caused by years of trade deficits. However...
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Is There a Medicaid Spending Increase Under the Senate Health Bill?
President Donald Trump recently claimed on Twitter that Medicaid spending will go up under the Senate's Better Care Reconciliation Act (BCRA). It is...
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Maya MacGuineas: Trump is Wrong on US Tax Ranking, But We Still Need Tax Reform
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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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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Factchecking Trump on Taxes
This week's issue of The Economist featured an interview with President Donald Trump covering economic, health, tax, and trade policy. We factchecked...
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Is President Trump's Tax Cut the Largest in History?
In their tax reform framework memo, the Trump Administration calls their plan "The Biggest Individual and Business Tax Cut in American History." And...
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Has Debt Gone Down By $12 Billion Since Trump Took Office?
On Twitter, President Trump claimed the national debt decreased by $12 billion during his first month in office, as opposed to increasing during...