Friday , January 18 2019
Home / Econbrowser - James Hamilton / The Budget Deficit Outlook, Post-TCJA and Omnibus Budget

The Budget Deficit Outlook, Post-TCJA and Omnibus Budget

Summary:
Relative to before. Source: CBO, Budget and Economic Outlook, April 2018 via Kaplan/NYT. these estimates include macro feedback effects (i.e., dynamic scoring). So much for tax cuts paying for themselves (if anybody ever really believed that).

Topics:
Menzie Chinn considers the following as important: ,

This could be interesting, too:

Jeffrey Frankel writes The Lesson from George H.W. Bush’s Tax Reversal

James Hamilton writes Perspective on the stock market

Menzie Chinn writes JP Morgan Chase: “U.S.-China endgame involving 25 percent U.S. tariffs on all Chinese goods in 2019”

Menzie Chinn writes And Back in Fiscal-Land

Relative to before.

The Budget Deficit Outlook, Post-TCJA and Omnibus Budget
Source: CBO, Budget and Economic Outlook, April 2018 via Kaplan/NYT.

these estimates include macro feedback effects (i.e., dynamic scoring). So much for tax cuts paying for themselves (if anybody ever really believed that).

Menzie Chinn
He is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

Leave a Reply

Your email address will not be published. Required fields are marked *