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U. S. Treasury: FY 2025 Deficit Totaled $1. 8 Trillion - AAF The U S Treasury released its final Monthly Treasury Statement for FY 2025, estimating a $1 8 trillion deficit for the year The deficit was the net effect of $7 0 trillion of spending and $5 2 trillion of revenue collections
AAF - The American Action Forum The American Action Forum injects forward-thinking ideas into the public debate that will build a better economic future
The AAF Plan to Address the Nations Debt Challenge - AAF The AAF plan includes sweeping policy changes to both the revenue and spending sides of the federal budget and would achieve the fiscal goal of roughly stabilizing debt-to-GDP within a decade and putting it on a downward path thereafter In fact, the plan would eliminate more than half of the projected debt accumulation over the next three decades
About - AAF The American Action Forum (AAF), led by former Director of the Congressional Budget Office Douglas Holtz-Eakin, proudly leads the center-right on domestic economic and fiscal policy issues It combines timely analysis and modern communications strategies to promote innovative, free-market solutions to build a stronger, more prosperous future
The Biden Regulatory Record - AAF EXECUTIVE SUMMARY According to the aggregated collection of self-reported estimates from federal agencies, the cumulative total of regulatory costs under the Biden Administration added up to more than $1 8 trillion – far exceeding any preceding administration on record The Environmental Protection Agency was the main contributor of regulatory costs with more than $1 3 trillion, but […]
Netflix WBD Deal Likely to Face Antitrust Investigation - AAF Executive Summary Netflix emerged as the winner in a months-long bidding war for Warner Bros Discovery (WBD), beating out rivals Paramount and Comcast; Paramount nevertheless continues to pursue WBD The $82 7-billion deal would combine Netflix’s industry-leading subscriber base with WBD’s studio, deep content catalogue, and its third-ranked streaming service, HBO Max The deal has met […]
Breaking Down the BRICS Tariff - AAF Executive Summary President Trump has threatened to impose a 10-percent tariff on any country associated with BRICS, a bloc composed primarily of developing countries that seek to counter the economic influence of Western-dominated institutions This new tariff proposal – which would stack on top of “Liberation Day” tariffs – was touted by the president as […]
President Trump Gears Up to Levy Tariffs on Wind Turbine Imports - AAF Executive Summary As part of its long-running opposition to wind energy generation, the Trump Administration has recently initiated a Section 232 investigation into imports of wind turbines and components, laying the groundwork to levy tariffs on these goods ostensibly in the interest of national security as soon as the end of 2025 or early 2026 […]
Assessing the FDA’s Commissioner’s National Priority Voucher Program - AAF Executive Summary The Commissioner’s National Priority Voucher Program (CNPV), initiated by Food and Drug Administration Commissioner Marty Makary, has dramatically shifted the previously tightly controlled and regulated drug and biologic approval process Announced in June 2025, the program offers selected sponsors a drastic reduction in review time: Instead of the standard 10–12-month
Understanding Tariffs and GDP Growth - AAF Executive Summary Treasury Secretary Bessent has stated that every $300 billion collected in tariff revenue would contribute 1 percentage point to gross domestic product (GDP) growth The Trump Administration argues its tariffs are necessary to reduce U S imports, which it views as negatively impacting GDP growth While the impact of tariffs on growth is difficult […]