The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture
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Money on fire
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Money on fire
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An engineer works in a manufacturing plant
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Price controls lead to the misallocation of resources, shortages, diminished product quality, and black markets.
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President Joe Biden speaks at a United Auto Workers conference in January
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No technology exists today to enable railroads to comply with the state's diktat, which villainizes a mode of transportation that is actually quite energy efficient.
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Let's just call this what it is: another gimmick for Congress to escape its own budget limits and avoid having a conversation about tradeoffs.
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There are many pervasive myths about the U.S. tax code. Here are a few.
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Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding.
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These handouts will flow to businesses—often big and rich—for projects they would likely have taken on anyway.
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President Joe Biden at the White House in March
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Economic nationalists are claiming the deal endangers "national security" to convince Americans that a good deal for investors, employees, and the U.S. economy will somehow make America less secure. That's nonsense.
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Support for industrial policy and protectionism are supposed to help the working class. Instead, these ideas elevate the already privileged.
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President Joe Biden is seen departing the White House in March
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Rep. Jodey Arrington (right) and Rep. Brendan Boyle (left) talk during a House Budget Committee markup
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Despite the popular narrative, Millennials have dramatically more wealth than Gen Xers had at the same age, and incomes continue to grow with each new generation.