Economics

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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 (...

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...

Are Today's Seniors Facing a "Retirement Crisis?" Not Really

Numerous headlines have claimed that we are facing a “retirement crisis,” and that most Americans are not saving enough to maintain their standard of...

Marc Goldwein: National Debt: Yes, Rising Annual Deficits Threaten the U.S. Economy

Marc Goldwein is the senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote a column...

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...

Do Retroactive Tax Cuts Do Much to Boost Economic Growth?

As talk of tax reform heats up, some are calling for tax cuts to be made retroactive. An article in The Hill reports that Representative Mark Meadows...

Judd Gregg: The Fed Leaps into the Unknown

Judd Gregg, a former Republican senator from New Hampshire, served as chairman of the Senate Budget Committee from 2005 to 2007 and...

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...