Analysis & Indicators

Blog Post

Effective IRS Actions Can Help Cut Deficit

August 17, 2017

During 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

Policy Memo

Swift Bipartisan Action Needed on Health Care

August 01, 2017
With 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.
In the News

A Q&A on Trump's tax plan. Brace yourself

August 22, 2017
New 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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Blog Post

Bipartisan Policy Changes Can Put the Debt on a Downward Trajectory

August 09, 2017
When The Concord Coalition was founded in 1992, the national debt was on a sharp upward trajectory. Yet just five years later, Democratic President Bill Clinton signed legislation passed by a Republican Congress that implemented the first balanced budget in decades. By the time Clinton left the White House, the Congressional Budget Office was projecting a 10-year surplus of over $5 trillion and there was even discussion about whether the national debt could be paid off entirely.
Blog Post

It’s Important to Distinguish Between Short-Term Cyclical Deficits and Long-Term Structural Deficits

July 27, 2017
Not all deficits are created equal. In designing policy responses, it is important to distinguish between “cyclical” and “structural” deficits. Cyclical deficits are caused by a weak economy. Recessions drive down government revenue because many workers and businesses are no longer earning as much taxable income. At the same time, government spending rises because more people need assistance through programs such as Medicaid, unemployment benefits and food stamps.