Understanding the Federal Debt Limit
Congress voted in November 2015 to again suspend the federal debt limit.
Analysis & Indicators
Effective IRS Actions Can Help Cut Deficit
August 17, 2017During budget negotiations in the coming weeks, Congress should ensure that the Internal Revenue Service (IRS) has sufficient funding to effectively enforce the tax laws and improve taxpayer assist
Swift Bipartisan Action Needed on Health Care
August 01, 2017With the Senate’s failure to pass health care legislation in last week’s votes, Congress should turn to a bipartisan approach. This is needed both to fix the serious, short-term problems with health care marketplaces around the country and to propel health care cost-control initiatives over the longer term.
A Q&A on Trump's tax plan. Brace yourself
August 22, 2017New Jersey Star-Ledger
Topics
Fiscal Responsibility
National Debt
Tax Policy
If you are looking for straight talk on the country's fiscal crisis, the best place to find it is at bipartisan think-tanks, where experts are willing to face the daunting math, and challenge the p
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Effective IRS Actions Can Help Cut Deficit
August 17, 2017During budget negotiations in the coming weeks, Congress should ensure that the Internal Revenue Service (IRS) has sufficient funding to effectively enforce the tax laws and improve taxpayer assist
A Balanced Budget Amendment to the Constitution is Not Necessary for Responsible Fiscal Policy
August 11, 2017Many politicians and members of the public who are frustrated with the inability of Congress and the president to make responsible fiscal choices have proposed a seemingly simple solution: Amend the Constitution to require a balanced budget.
While the sentiment behind this idea is understandable, it would be very difficult in practice to compel a balanced budget each year, and attempting to enforce it through the courts would be all but impossible.
It's Easier to Correct Overshooting on Deficit Reduction Than Undershooting
August 10, 2017A common excuse for inaction on federal deficits is that relative to the size of the economy, they aren’t abnormally large and are projected to stay that way for a few more years. Furthermore, current projections may prove to be overly pessimistic, the argument goes, so what reason do today’s policymakers have to act immediately?