Reports and Issue Briefs
Capital Investment is Accelerating
Following near stagnation during the previous administration’s last two years, domestic capital expenditures (“capex”)—the lasting investments of private businesses—accelerated dramatically after the November 2016 election and even more so since Tax Cuts Jobs Act (TCJA) became law. TCJA is not solel...
August FOMC Review
Following Q2-2018 real GDP growth of 4.1% and inflation registering 1.9% (core PCE price index), the economy is in a “Goldilocks” state. At his previous post-FOMC meeting press conference, Fed chairman Jay Powell noted “the economy is doing very well” and that “business investment continues to grow ...
U.S. Economy Makes a Comeback—4.1% Growth in Q2
The U.S. economy grew at an annualized rate of 4.1% in Q2—household spending was the largest contributor while business spending on capital continues to contribute strongly to economic growth. The chart shows that inflation-adjusted (real) GDP growth continued to accelerate in Q1 and Q2 over the las...
Q2-2018 GDP Review
RGDP growth averaged 2.9% over the last five quarters compared to the Obama Administration’s 2.2% recovery average despite its predictions that faster growth was no longer attainable. For the first half of 2018 real disposable income grew 3.5% compared with a 2.3% Obama recovery average. The improve...
From Pro-Growth to Anti-Growth
House Minority Leader Nancy Pelosi described as “accurate” reports that Democrats would increase taxes and roll back the Tax Cuts and Jobs Act (TCJA) if they controlled Congress. Below is some of what could be in store.
Fact Check: Yes, Data Show Workers’ Earnings Have Improved
Americans are enjoying greater benefits and total compensation thanks to the Tax Cuts and Jobs Act and streamlined regulation, and the data show it. A recent misleading graph showed wage growth in negative territory, but such arguments making that case often appear to be either inaccurate or incompl...
Three Takeaways from CBO’s 2018 Long-Term Budget Outlook
Congressional Budget Office's (CBO) 2018 Long-Term Budget Outlook highlights that spending continues to drive America’s debt trajectory. Contrary to what some say, it also shows that the Tax Cuts and Jobs Act (TCJA) has little effect on the long-term budget outlook.
Chairman Erik Paulsen Delivers Opening Statement on “Innovation, Entrepreneurship, and Barriers to Capital Access”
Chairman Erik Paulsen delivered the opening statement for the Joint Economic Committee's Tuesday hearing on “Innovation, Entrepreneurship, and Barriers to Capital Access” The remarks as prepared for delivery appear below:
Medical Device Tax by the Numbers
Ten reasons to end the destructive tax on innovation.
Over $300 Billion Brought Home in 1st Quarter
Capital is returning to the United States. More domestic investment will help to stimulate job creation and wage growth for American workers. U.S. multinational firms repatriated $305.6 billion in earnings held offshore during the first quarter of 2018 alone. According to the Bureau of Economic Anal...
