Committee for a Responsible Federal Budget

Economy

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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,...
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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...

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...
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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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Jun 22, 2017 | Blog Paper Press Release | Taxes

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...

CRFB 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...
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How Fast Can America Grow?

Official projections show real economic growth will average less than 2 percent annually over the next decade. However, some policymakers have...
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Policies to Grow the Economy

The aging of the population will make achieving past levels of economic growth much more difficult in the years ahead. The Congressional Budget...

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