Committee for a Responsible Federal Budget

Fiscal FactCheck

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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,...
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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...
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Oct 25, 2017 | Blog Paper Press Release | Taxes

Is President Trump's Tax Cut the Largest in History Yet?

President Trump has often stated that his proposed tax cut will be the largest in history. We previously found his $5.5 trillion framework in April...
Donald Trump

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...
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Oct 6, 2017 | Blog Paper Press Release | Taxes

Does the State & Local Tax Deduction Mostly Help High-Income Households?

At a press briefing yesterday, White House Press Secretary Sarah Huckabee Sanders defended the fact that the Big 6 tax plan removes the state and...
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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...
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Are We Spending Billions of Dollars More on the Military?

During his speech detailing his new strategy for Afghanistan, President Trump said, "Under my administration, many billions of dollars more is being...
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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...
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Is CBO's Math on the BCRA Wrong Because It Uses Faulty Numbers?

The White House tweeted out a video Wednesday saying "the Congressional Budget Office's [CBO] math doesn't add up" because they use "faulty numbers...
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Did the Trade Deficit Cause $20 Trillion in Debt?

In a meeting with South Korean President Moon Jae-in, President Trump suggested that the national debt is caused by years of trade deficits. However...

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