Economy

Maya MacGuineas: With a growing debt, a fiscally responsible blueprint is needed to handle the next recession

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an...

Break Glass Here: A Responsible Plan to Combat the Next Recession

The United States is in the midst of one of the longest periods of sustained economic growth in its history, but there are signs that this prolonged...
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Aug 19, 2019 | Blog Paper Press Release | Taxes

How Much Would a Payroll Tax Holiday Cost?

Update 8/20/19: While speaking in the Oval Office, President Trump confirmed that a payroll tax cut and indexing capital gains were under discussion...

CBO: Fixing the Debt Would Increase Income

Putting debt on a downward path could increase average income by almost $9,000 per person per year, or about 10 percent as compared to continuing on...

Was the Federal Reserve’s Monetary Tightening Unprecedented?

In a Wall Street Journal op-ed, House Ways and Means Committee Ranking Member Kevin Brady (R-TX) and former National Economic Council...
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Written Testimony on Our Nation's Crumbling Infrastructure and the Need for Immediate Action

The Committee for a Responsible Federal Budget submitted testimony for the record pertaining to the House Ways and Means Committee hearing on "Our...

Analysis of CBO’s January 2019 Budget and Economic Outlook

The Congressional Budget Office (CBO) released its Budget and Economic Outlook today, projecting high and rising deficits and debt over the next...
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The Government Shutdown Could Wipe Out Recent Stimulus Effects on This Quarter

The current government shutdown has lasted long enough to temporarily erase all the positive stimulus effects of recent major legislation. ...
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The Shutdown's Economic Toll Equals the Average Hurricane

The current government shutdown is the economic equivalent of a self-imposed natural disaster. As the 32nd day of the longest government shutdown in...

CBO: Fixing the Debt Could Increase Average Income by $6,000 Per Person

While some recent commentators have suggested Americans stop worrying about our debt, evidence shows there is a significant upside to addressing...

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