Economics

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Is CBO "Always Wrong" Because It Doesn't Understand Growth?

In dismissing projected trillion-dollar deficits, National Economic Council director Larry Kudlow recently claimed that one should "never believe the...

IMF: Tax Bill's Boost to Growth is Short-Term

This week, the International Monetary Fund (IMF) released a new estimate of economic growth, revising their short-term estimate upwards because of...

Official Analysis Finds Tax Bill Will Produce Marginal Growth, Cost $1.1 Trillion

At 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...

Official Dynamic Score Shows Senate Tax Bill Will Still Cost Over $1 Trillion

The Joint Committee on Taxation (JCT) has released its official dynamic score of the Senate tax plan as passed by the Senate Finance Committee,...

Can Tax Reform Generate 0.4% Additional Growth?

Well-crafted tax reform would improve economic growth. While pro-growth tax reform can generate some revenue to the Treasury from the added growth,...

Gene Steuerle: A Debt Straightjacket or a Misdiagnosed Disease?

Dr. Eugene (Gene) Steuerle is the Richard B. Fisher chair and Institute Fellow at the Urban Institute and a member of the Committee for a Responsible...

Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt

As 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...

Checking the Facts on the Steve Forbes-Maya MacGuineas Tax Discussion

On Mornings With Maria, publisher and former presidential candidate Steve Forbes made several claims about tax cuts and economic growth during a...

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...