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Rushed Tax Bill: Gimmicks, More Debt and Flawed Economics

Submitted by jgordon on Mon, 12/18/2017 - 09:18

WASHINGTON --The tax legislation produced by congressional negotiators and scheduled to be voted on this week remains as fiscally irresponsible as the original House and Senate bills, according to The Concord Coalition. This latest bill is based on flawed economics, poor tax policy and a troubling legislative process that has allowed little time for careful analysis.

Everything Needs To Be On the Table in Budget Negotiations

Submitted by jgordon on Mon, 12/11/2017 - 14:38
When it comes to budget negotiations, many interest groups demand that certain items be considered “off the table” and exempt from any changes. The reality, however, is that everything needs to be on the table for both economic and political reasons.

Sequestration Is a Bad Way to Make Budget Cuts

Submitted by jgordon on Thu, 12/07/2017 - 14:52
To reduce budget deficits, policymakers must make politically painful policy changes by raising taxes on constituents and/or reducing spending on services provided to them. Because different tax increases or spending cuts of the same magnitude do not always have the same impact, policymakers should aim to make informed decisions that target these policy changes rationally.