Congressional negotiators have indicated they are making substantial progress on deals that would cover spending plans for the rest of Fiscal 2016 and the extension of a number of tax breaks for businesses and individuals.
With the fiscal year already two and a half months old, the $1.1 trillion spending plan is long overdue. To avoid a government shutdown, lawmakers last week moved their self-imposed deadline for a deal to this Wednesday, and another delay is likely this week as lawmakers consider whatever legislative proposals emerge from the negotiations.
Donald Trump is often described as an “unconventional” candidate. On the federal budget, however, his campaign promises are entirely too conventional.
As Concord Coalition Executive Director Robert L. Bixby writes in a new blog post, some candidates deny the necessity of entitlement reform. Some want enormous tax cuts without offering credible proposals to prevent this from worsening the debt.
Donald Trump is often described as an “unconventional” candidate. When it comes to the federal budget, however, his campaign promises are entirely too conventional.
Some candidates deny the necessity of reforming popular entitlement programs such as Medicare and Social Security.
Some candidates propose enormous tax cuts without credible proposals to cut enough spending to prevent this from worsening the debt.
In the latest Fiscal Fridays interview, Republican front-runner Donald Trump said that as president he would cut taxes on businesses and the middle class, maintain current Social Security
National health expenditures grew more quickly in 2014 than in recent years, according to a new report by actuaries at the Centers for Medicare and Medicaid Services (CMS).
Congress last week again failed to address the structural challenges facing the Highway Trust Fund.
With stopgap legislation set to expire on Friday, lawmakers are continuing to work on overdue spending plans for the rest of the fiscal year that began Oct. 1.
There had been hopes that a proposed agreement might be announced Monday, but they proved premature. Neither the White House nor congressional leaders and negotiators sounded particularly upbeat on Monday, with House Majority Leader Kevin McCarthy saying the House might be kept in session through next weekend.
Washington’s fiscal year began two months ago but elected officials still seem a long way from agreement on spending plans for the next 10 months.
In Washington, a new holiday tradition is forming: Congress passing large tax breaks without paying for them.
The federal debt is already at a post-World War II high as a share of the economy, and heading higher on an unsustainable path that Washington is unlikely to fundamentally change in the c