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CEA’s Fantastical Economic Assumptions
The White House Council of Economic Advisers (CEA) released a report today claiming the Senate’s proposed version of the One Big Beautiful Bill Act...
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OBBBA Would Cost More on a Dynamic Basis, Says CBO
The Congressional Budget Office (CBO) released its dynamic score of the House-passed One Big Beautiful Bill Act (OBBBA), finding that the bill would...
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How Much Would OBBBA Pay For Itself?
The House-passed One Big Beautiful Bill Act (OBBBA) would add about $3 trillion to the debt, including interest, on a conventional basis. However...
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Unpaid-for Tax Cuts Would Shrink Incomes, CBO Finds
The Congressional Budget Office (CBO) recently found that extending the 2017 Tax Cuts and Jobs Act (TCJA) and adding $1.5 trillion in additional tax...
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Memo: CEA’s Flawed Analysis Does Not Show TCJA Extension Would Produce 3% Growth
Summary Points The estimates from the Council of Economic Advisors (CEA) 1 imply TCJA extension would boost average annual GDP growth to 2.1 percent...
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New Estimates Confirm Economic Growth Won’t Pay for Tax Cuts
The latest estimates from third-party modelers confirm what we’ve said several times before: economic growth will not pay for tax cut extensions. New...
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$3 Trillion of Dynamic Feedback is Fantasy Math
According to a recent press report, the House may try to claim $3 trillion of deficit reduction as a result of “assumed economic growth from tax cuts”...
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Putting Numbers to TCJA Dynamic Feedback Estimates
As we have pointed out before, extending the various individual and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) beyond their scheduled...
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TCJA Extension Might Not Pay for Any of Itself
New data from the Congressional Budget Office (CBO) finds that economic feedback may not cover any of the revenue loss and that TCJA extension might...
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Tax Cut Extension Would Only Pay for 1% to 14% of Itself
Several major elements of the 2017 Tax Cuts and Jobs Act (TCJA) are scheduled to expire at the end of 2025. While the estimated cost of extending...
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New Build Back Better Framework Relies Too Heavily on Gimmicks
For Immediate Release Today, the White House released an updated framework for its Build Back Better plan. The framework proposes $1.85 trillion of...
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Reconciliation Unlikely to Produce $600 Billion in Dynamic Revenue
Policymakers are claiming their $3.5 trillion reconciliation package will be fully paid for by counting on $600 billion of dynamic feedback on top of...