Fiscal FactCheck

Concept_Myths
Nov 5, 2018 | Blog Paper Press Release | Taxes

The Tax Bill Did Not Cause Revenue to Rise

A common misleading claim this fall has been that tax revenues have increased, even with the large tax cuts enacted last year. While it is...
Concept_Magnifying Glass

Are Defense and Disasters Causing the Deficit Increase?

When asked about the increasing deficit, President Trump yesterday pointed to defense spending increases and disaster relief. While both of...
Sep 21, 2018 | Blog Paper Press Release | Taxes

No, Really, Tax Revenue Has Not Risen

Update: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department. At the...
Aug 16, 2018 | Blog Paper Press Release | Taxes

Has Revenue Risen in 2018?

Update: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department. The...

Has the Recent Economic Boom Offset 88% of the Cost of the Tax Cut?

In 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...
Concept_Stock Market_Recession

Growth Just Hit 4.1 Percent – Don't Expect It To Last

The Bureau of Economic Analysis today released its initial estimate that the economy grew at a 4.1 percent annualized rate in the second ...
Concept_Debt

Have Deficit Projections Doubled Because of the Tax Bill and BBA 2018?

Chairman 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...
Concept_calculator

Does CBO "Expect the TCJA to Significantly Boost" the Economy in 2018?

UPDATE: 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...
Concept_Stock Market_Recession

The Deficit Is Not "Coming Down Rapidly"

This morning, White House National Economic Council Director Larry Kudlow appeared on Fox Business and made the following claim (emphasis added...
Concept_Calculator

Did the U.S. Really Spend $7 Trillion on Middle Eastern Wars?

In 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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