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    Heritage’s Macroeconomic Estimate of Camp’s Tax Reform Proposal

    The Heritage Foundation’s Center for Data Analysis recently completed a preliminary macroeconomic analysis of House Ways and Means Committee chairman Dave Camp’s (R–MI) Tax Reform Act of 2014. This draft proposal includes comprehensive tax reform to federal treatment on individual income, business income, and corporate income and is motivated by … More

    Economic Growth to Remain Subpar Because of Policy Uncertainty

    The Bureau of Economic Analysis (BEA) will soon release its first estimate for how fast the economy grew in the fourth quarter of 2013 and for the entire year of 2013. The last report showed the economy moving up sharply in the third quarter of 2013 compared to where it … More

    Economy Still Growing Too Slowly

    The Bureau of Economic Analysis’s (BEA) first estimate of economic growth for the third quarter of this year shows an economy that continues to grow at a plodding pace. According to BEA, the economy grew at 2.8 percent from July 1 through September 30. This was slightly faster than the … More

    Economic Growth Remains Too Slow Because of Policy Uncertainty

    Today’s report on gross domestic product (GDP) shows that not much changed in the economy during the second quarter. The Bureau of Economic Analysis’s initial estimate shows that economic growth was just 1.7 percent from April 1 through June 30—well below the rate the economy should be growing this far … More

    Sequestration Helps Force Needed Spending Cuts and Enables Private-Sector Jobs

    The Congressional Budget Office (CBO) released a letter this week describing how canceling sequestration in 2014 would affect the economy. The CBO dutifully plugged the numbers into its economic model, and the model gave the result it was written to give: more government spending equals more output in the government … More

    Immigration: White House Report Ignores Unfair, Unworkable, and Costly Amnesty

    Today the White House released a report called “The Economic Benefits of Fixing Our Broken Immigration System,” detailing purported economic growth from immigration reform and drawing significantly on the Congressional Budget Office report on the Senate comprehensive immigration bill (S. 744). The White House’s report fails in several areas. Measures … More

    Congressional Budget Office Should Forecast Long-Term Cost of Amnesty

    With the Congressional Budget Office preparing to release a cost estimate for the Senate’s Gang of Eight bill in the coming days, a key Republican lawmaker yesterday insisted that any projection look beyond the 10-year budget window to fully understand the magnitude of granting amnesty to 11 million illegal immigrants. Senator Jeff Sessions (R-AL), ranking member … More

    GDP Grew 2.5 Percent in the First Quarter

    After dreadfully low growth in the last quarter of 2012—just 0.4 percent—gross domestic product (GDP) returned to a healthier rate of growth of 2.5 percent in the first three months of 2013. The autumn’s drop in private inventories was reversed as companies stockpiled more goods in anticipation of future consumer … More

    EPA’s New Analysis of Cap and Trade Same Old Faulty Logic

    The Environmental Protection Agency released its economic analysis of the Kerry-Lieberman cap and trade legislation, the latest cap and trade bill to be released in the Senate. The result was nearly the same as the EPA’s analysis of the Waxman-Markey cap and trade bill passed in the House of Representatives … More