Fiscal FactCheck
Latest
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Does the President's Budget Slash Medicare by $845 Billion?
Read morePresident Trump's Fiscal Year (FY) 2020 budget released Monday has been met with significant criticism, especially from us. But one of the most widely...
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The Tax Bill Did Not Cause Revenue to Rise
Read moreA common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is technically...
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Are Defense and Disasters Causing the Deficit Increase?
Read moreWhen asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of those...
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No, Really, Tax Revenue Has Not Risen
Read moreUpdate: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department. At the...
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Has Revenue Risen in 2018?
Read moreA recent Wall Street Journal piece suggests that despite massive tax cuts, revenue continues to rise. In reality, revenue has fallen since the...
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Has the Recent Economic Boom Offset 88% of the Cost of the Tax Cut?
Read moreIn 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 recent...
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Growth Just Hit 4.1 Percent – Don't Expect It To Last
Read moreThe Bureau of Economic Analysis today released its initial estimate that the economy grew at a 4.1 percent annualized rate in the second quarter of...
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Have Deficit Projections Doubled Because of the Tax Bill and BBA 2018?
Read moreChairman 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?
Read moreUPDATE: 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"
Read moreThis morning, White House National Economic Council Director Larry Kudlow appeared on Fox Business and made the following claim (emphasis added): "As...
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Did the U.S. Really Spend $7 Trillion on Middle Eastern Wars?
Read moreIn 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?
Read moreThe President recently updated and revised his request to rescind some spending, removing some cuts from the proposal and clarifying others. The...