New government figures on unpaid taxes underscore the importance of broad tax reform as well as adequate enforcement efforts.The Internal Revenue Service this month updated its calculations on the “tax gap” – the difference between what Americans owe in taxes…
Because fiscal reform requires extremely difficult choices, it is a subject where many candidates quickly turn to vague platitudes and partisan finger-pointing. (more…)
President Obama announced yesterday that Jacob J. Lew, his budget director, would replace William Daley as the White House chief of staff. Obama said he valued Lew’s advice because of his “mastery of the numbers” in the federal budget as…
Bipartisan efforts to reform Medicare were elevated this week by the release of a proposal from Senate Budget Committee member Ron Wyden (D-Ore.) and House Budget Committee Chairman Paul Ryan (R-Wis.). Their proposal would convert Medicare into a “premium support”…