Economy

Concept_calculator

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....
Concept_DC_Capitol Building

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....
Concept_calculator

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...
Maya MacGuineas

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...
Concept_Myths

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,...
Concept_Stock Market_Recession

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...

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 (...
Donald Trump

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...
Concept_DC_Capitol Building_Money

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...
Concept_calculator

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...

Pages