🚨 Tax Fact 🚨 - Revenue in 2023 closely matched post-TCJA projections, once you adjust for inflation. Corporate revenue matched it EXACTLY.

Suggestive that CBO’s score was pretty damn good and tax cuts didn’t pay for themselves. crfb.org/blogs/2017-tax…

Expect to be spending a lot of time on CRFB.org tax extension calculator as the debate unfolds through 2025. My first draft, sticking w/ paradigm, is:

--Extend most raisers & non-rate stuff like sd
--Individual rate cuts expire
--Corporate rate to 28% w/ expensing
--Child…

📢We have a new interactive tool📢

The 𝑩𝒖𝒊𝒍𝒅 𝒀𝒐𝒖𝒓 𝑶𝒘𝒏 𝑻𝒂𝒙 𝑬𝒙𝒕𝒆𝒏𝒔𝒊𝒐𝒏𝒔 tool lets 𝗬𝗢𝗨 decide how to address the expiring tax cuts with your own rates & base.

Full #TaxExtensions cost $3.4 trillion, but I know you can do better!

crfb.org/build-your-own…

New report!

Donald and I propose two revenue-neutral, pro-growth options to extend and build upon the Tax Cuts and Jobs Act.

We need to address the fiscal situation. In order to do that we need to raise revenue, fix Social Security, and fix Medicare--taking any of them off the table is not helpful or realistic; taking all of them off makes it mathematically impossible.

Join us for this upcoming The Brookings Institution event on finding common ground in supporting working families w/ young children -- w/ Tara E W Maya MacGuineas Lindsay Torrico.

I look forward to moderating the discussion w/ Josh McCabe Abby McCloskey

An utterly ridiculous claim -
crfb.org/blogs/can-dona…

Excited to share that I’m joining ⁦Brookings Global⁩ at ⁦The Brookings Institution⁩ as Senior Fellow. Thrilled to join a great global macro team. Huge thanks to ⁦Cecilia Rouse⁩, ⁦Brahima S. Coulibaly⁩, ⁦Eswar Prasad⁩ & ⁦Ben Harris⁩. brookings.edu/articles/capit…

Arrington is right. It is politically unrealistic to think we can address the fiscal imbalance with only spending cuts.

But any increases in revenue need to be well structured to avoid killing growth.

semafor.com/article/02/26/…

For a spirited discussion of the economy & soaring deficits, here I am with:
-Maya MacGuineas (Maya MacGuineas),
-Doug Holtz-Eakin (@djheakin), and
-Moderator Robert Buschman (@BuschmanBob)
At today's #PrinciplesFirst conference.
Start video at 6:27:00
youtube.com/watch?v=qu9-70…

“80-90% of elected leaders who pledged “no new taxes” have voted to increase spending.” Maya MacGuineas at Principles First summit discussion on debt, deficits and government spending. #PrinciplesFirst

Good point from Maya MacGuineas that many of the things we could have done a decade or so ago to reduce deficits, eg tweaks to Social Security, would not have hurt people much but delaying makes change much more painful. Sounds like climate change. #PrinciplesFirst

.Maya MacGuineas: “Everything you need to do to fix the fiscal problem, is the opposite of what our polarized moment has created…you need to focus on good policy, not good politics.”

Committee for a Responsible Federal Budget President Maya MacGuineas (Maya MacGuineas) joins us to discuss the national debt and the recent Congressional Budget Office prediction that the debt will top $54 trillion over the next ten years.

Live now: tinyurl.com/33wcy2zm

🌡️ Did you know you can now track the fiscal impact of all major new legislation and executive orders?

Our CRFB Debt Thermometer – mentioned just now by Maya MacGuineas on Washington Journal – allows you to do just that,... making it easy for citizens, lawmakers, and the media to keep up…

What's the fate of Social Security? CRFB.org president Maya MacGuineas joins to discuss what's next for the program. buff.ly/3OCUkLn

The U.S. economy is becoming critically fragile as we continue to ignore our public debt crisis. Without action, we risk economic and geopolitical collapse. Met with CRFB.org President Maya MacGuineas & Erskine Bowles to discuss solutions that stabilize and decrease the debt.

Major props to the hard working CRFB.org. 8pm and they were still analyzing the CBO baseline. crfb.org/papers/cbos-fe…

🚨 FULL ANALYSIS 🚨 of U.S. CBO's February 2024 Budget and Economic Outlook ⤵️

➡️ Debt will reach record 116% of GDP by 2034;
➡️ Deficits will reach $2.6 trillion by 2034;
➡️ Spending and revenue will remain far apart;
➡️ Interest costs will explode;
➡️ Major trust funds are…

Thank you Brian Riedl 🧀 🇺🇦 for such a straightforward, honest piece.