Nearly 30 years ago, in my very first week on the job at The Concord Coalition, I stood in front of the National Debt Clock as it ticked past $4.8 trillion. That moment — captured on the front page of…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future, Concord Coalition Executive Director Carolyn Bourdeaux discussed her initial reaction to President Trump’s “skinny budget” and outlined some trouble…
Even though Tax Day, April 15, has come and gone, Congress remains focused on tax policy – including extending portions of the 2017 Tax Cuts and Jobs Act (TCJA) that are scheduled to expire at the end of 2025. According…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future Ben Harris, Vice President and Director of Economic Studies at the Brookings Institution, joined host Bob Bixby to discuss his…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future we talked with Alex Durante, senior economist at the Tax Foundation and co-author of a running update called “Trump…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future, Jessica Riedl, a Senior Fellow at the Manhattan Institute, joined me to discuss her list of the top 10…
Key Points: Tariff revenue to pay down debt might be appealing on paper, but uncertainty about the amount that would be raised and the duration of the tariffs should temper expectations. Further, economic analysts across the political spectrum have raised…
This week, our Concord team experienced Washington at its most inspiring — and its most exasperating. It began Wednesday afternoon with a meeting in the office of Rep. Eli Crane (R-AZ), where we introduced Concord’s interactive federal budget exercise —…
This week the Senate Budget Committee released a plan that would add nearly $6 trillion to the national debt and simply ignore the roughly $4 trillion cost of extending several expiring tax cuts because they are “current policy,” while tacking…
Key Points Since the $36.1 trillion debt ceiling kicked back in on January 2nd of this year, the Treasury Department has been using accounting transactions known as “extraordinary measures” to temporarily continue borrowing without exceeding the limit. The date these…
Key Points: Analysis from the CBO shows extending key provisions of the TCJA without offsets would increase the national debt from 99% of GDP to as high as 250% in 30 years, depending on interest rates. The Penn Wharton Budget…
Key Points New report from The Budget Lab at Yale explores how higher deficits impact inflation and interest rates. The permanent deficit increase that the report uses as its hypothetical is roughly the same size as the increase that would…
