Fiscal FactCheck

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Are Defense and Disasters Causing the Deficit Increase?

When asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of...
Sep 21, 2018 | Blog Paper Press Release | Taxes

No, Really, Tax Revenue Has Not Risen

At the Economic Club in New York earlier this week, White House National Economic Council Director Larry Kudlow claimed that “revenues...are up...
Aug 16, 2018 | Blog Paper Press Release | Taxes

Has Revenue Risen in 2018?

Update: We've published a new version of a similar claim by White House National Economic Council Director Larry Kudlow containing updated numbers...

Has the Recent Economic Boom Offset 88% of the Cost of the Tax Cut?

In a Wall Street Journal op-ed shared by the House Ways and Means Committee, Mike Solon of US Policy Metrics makes the argument that thanks to...
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Growth Just Hit 4.1 Percent – Don't Expect It To Last

The Bureau of Economic Analysis today released its initial estimate that the economy grew at a 4.1 percent annualized rate in the second ...
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Have Deficit Projections Doubled Because of the Tax Bill and BBA 2018?

Chairman of the House Ways and Means Committee Kevin Brady (R-TX) appeared on Fox Business this morning, where he was asked about CRFB's analysis...
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Does CBO "Expect the TCJA to Significantly Boost" the Economy in 2018?

UPDATE: The FRBSF paper has been corrected to remove the erroneous claim that CBO’s growth estimates are well in excess of theirs. The below fact...
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The Deficit Is Not "Coming Down Rapidly"

This morning, White House National Economic Council Director Larry Kudlow appeared on Fox Business and made the following claim (emphasis added...
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Did the U.S. Really Spend $7 Trillion on Middle Eastern Wars?

In a roundtable in Minnesota yesterday, President Donald Trump claimed "we have $7 trillion in the Middle East", a rephrasing of his previous claims...
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Does the Rescissions Bill Cut $15 Billion in Spending?

The President recently updated and revised his request to rescind some spending, removing some cuts from the proposal and clarifying others. The...

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