Watching the recent Strengthening of America forums online from my office in Wyoming, I was encouraged by how former Democratic and Republican members of Congress, Cabinet secretaries and other national experts could find such so much common ground on a course for fixing the national debt.
As the western states regional director for The Concord Coalition, I was struck by how this matches what Concord has found working with local leaders and the public here in the West and across America.
As part of the Strengthening of America -- Our Children's Future project that The Concord Coalition is co-sponsoring, a forum was held last week in New York on the topic of pro-growth tax reform. The video of the full event is available here. In the first part of the forum Martin Feldstein, a former chairman of the Council of Economic Advisors and a Romney advi
The latest version of our budget game, the Federal Budget Challenge, has been online for only two weeks, yet has been played by over 5,000 people from almost half of the states in the nation. The Challenge lets players examine over 50 different policy choices, along with their budgetary impacts over 10 years, and decide for themselves whether and how they would reduce the nation’s budget deficits.
This week The Concord Coalition and several other organizations kicked off an initiative called Strengthening of America – Our Children’s Futurefocused on the nation's worsening fiscal situation. Former Senators Sam Nunn (D-Ga.), Pete Domenici (R-N.M.), Warren Rudman (R-N.H.) and Evan Bayh (D-Ind.) have convened a bipartisan group of former members of Congress for a series of forums in the weeks leading up to the presidential debates. Nunn and Rudman are Concord’s
The ultra-low interest yields on U.S. Treasury bonds seem to suggest "not much." Some of this is because relative to the fiscal positions of other countries, the U.S. economy seems relatively more capable of supporting the public debt. But it may also be because the pricing of government bonds is less an efficient reflection of the inherent market riskiness of the bonds than it should be.
Last week the Tax Policy Center (TPC) released this distributional analysis of the Romney tax plan, exploring how the plan could be made revenue-neutral, as Romney has claimed it would be. The TPC analysis found that it is impossible to pay for Romney’s proposed additional tax cuts (which are skewed heavily toward upper-income households ) with base-broadening revenue offsets (which according to the Romney plan cannot include increasing the taxation of capital income) w
Here are links to some previously published material by The Concord Coalition on proposals by House Budget Chairman Paul Ryan, who was named Saturday as Republican presidential candidate Mitt Romney's running mate.
Congressional procrastination could lead to chaotic decision-making on the federal budget after the November elections, but many economists believe this procrastination is already harming the economy.
The damage stems from widespread uncertainty over what elected officials will do, if anything, about the “fiscal cliff” – a combination of sharp “automatic” spending cuts and the scheduled expiration of tax cuts at year’s end.