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 23, 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

Popular Options, Like Cutting Waste, Fraud and Abuse or Growing Our Way Out of Debt, Are Not Enough

July 06, 2017
Many politicians who want to simultaneously receive credit for promoting fiscal responsibility while avoiding the tough decisions required often look for easy solutions. The two most common of these are pledges to cut “waste, fraud and abuse” and to “grow our way out of the problem.” These supposedly easy options, however, are not enough to address our nation’s long-term fiscal challenges.
Blog Post

Demographics Drive Our Long-Term Fiscal Challenges

July 06, 2017
The heart of the nation’s long-term fiscal challenge is a changing demographic landscape. The ongoing retirement of the baby boom generation will continue to slow the growth rate of the workforce, which will slow potential economic growth (GDP) compared to earlier decades. According to CBO, the average annual growth rate of potential labor was 1.4 percent from 1950 to 2016. Due mostly to the baby boomer retirements, CBO projects that rate will fall to just 0.5 percent by 2027.
Blog Post

Fiscal Policy Remains Unsustainable

July 05, 2017
While much has changed in the past 25 years, this fundamental reality has not: Federal budget policy remains on an unsustainable track, driven by structural forces that increase federal spending faster than revenues.