Economics
Latest
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Can America Sustain the Recent Economic Boost?
Read moreKey Takeaways: The good news is that the economy is doing well; however, this is unlikely to turn into sustained growth at the same rate. Short-term...
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It Would Take Nearly Unprecedented Economic Growth to Balance the Budget
Read moreIncreased economic growth has often been cited as a solution to our fiscal problems or as a way to offset deficit-increasing legislation. However...
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Is CBO "Always Wrong" Because It Doesn't Understand Growth?
Read moreIn dismissing projected trillion-dollar deficits, National Economic Council director Larry Kudlow recently claimed that one should "never believe the...
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IMF: Tax Bill's Boost to Growth is Short-Term
Read moreThis week, the International Monetary Fund (IMF) released a new estimate of economic growth, revising their short-term estimate upwards because of the...
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Official Analysis Finds Tax Bill Will Produce Marginal Growth, Cost $1.1 Trillion
Read moreAt the end of December, the Joint Committee on Taxation (JCT) released its final dynamic analysis of the Tax Cuts and Jobs Act (TCJA). JCT's analysis...
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Official Dynamic Score Shows Senate Tax Bill Will Still Cost Over $1 Trillion
Read moreThe Joint Committee on Taxation (JCT) has released its official dynamic score of the Senate tax plan as passed by the Senate Finance Committee...
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Can Tax Reform Generate 0.4% Additional Growth?
Read moreWell-crafted tax reform would improve economic growth. While pro-growth tax reform can generate some revenue to the Treasury from the added growth, as...
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Gene Steuerle: A Debt Straightjacket or a Misdiagnosed Disease?
Read moreNoting rising public and private debt across the developed world, International Economy magazine asked a group of economists, including me, “Has the...
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Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt
Read moreAs more dynamic estimates of the Tax Cuts and Jobs Act (TCJA) are released, they all confirm that tax cuts do not pay for themselves. Because both the...
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Checking the Facts on the Steve Forbes-Maya MacGuineas Tax Discussion
Read moreOn Mornings With Maria, publisher and former presidential candidate Steve Forbes made several claims about tax cuts and economic growth during a...
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Under Dynamic Scoring, House Tax Bill Still Explodes the Debt
Read moreNote: this blog has been updated to reflect the Tax Foundation's corrected growth and revenue numbers. Recent dynamic estimates of the Tax Cuts and...
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Chartbook: Dynamic Scoring and Tax Reform
Read moreThis presentation covers that tax cuts don't pay for themselves, smart tax reform can generate $300 billion to $400 billion of dynamic revenues (not...