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President Trump’s claim this week that his tariffs will enable the government to start "paying down" large amounts of the federal debt is wrong for a very simple reason: It is impossible to reduce debt while you are still adding to it.…


By Rob Ryan Despite much discussion in Washington about the need for more substantial investment in infrastructure, nothing much has been done. House Transportation and Infrastructure Chairman Bill Shuster (R-Pa.), however, recently unveiled a proposal that would help address --…


With the federal government rapidly sinking further and further into debt, House Ways and Means Committee Chairman Kevin Brady last week released a loose framework for tax legislation that would require even more federal borrowing. This proposal flies in the…


Ben Bernanke, Henry Paulson and Timothy Geithner played central roles in dealing with the financial crisis 10 years ago that stunned the nation and threatened economic disaster. The three former policymakers recently discussed some of the lessons to be learned…


In a welcome show of bipartisan cooperation, lawmakers appear to be moving forward on IRS legislation that they say would help taxpayers, reduce tax-refund fraud and improve tax-collection efforts. Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ron Wyden (D-Ore.),…


When politicians start talking about spending cuts, they can be quick to focus on a group of federal programs -- often described loosely as “welfare” -- that provides benefits to individuals and families based on need. These and some other…


The Trump administration’s new budget update shows the federal deficit rising to $890 billion for the current fiscal year and soaring well past $1 trillion in Fiscal 2019 -- despite the administration’s overly optimistic economic projections and its proposed spending…


By Rob Ryan The state of the economy is a crucial determinant of the federal budget outlook. Even slight changes in key economic indicators can lead to major shifts in federal revenues and outlays. The Congressional Budget Office (CBO) outlined…


This post was written by Concord Coalition intern Rob Ryan. Months behind schedule, the House Budget Committee took action last week on the first step in the regular congressional budget process: approving a budget resolution. The plan aims to balance…


Uncle Sam just got a fiscal health check-up from the Government Accountability Office (GAO) and it didn’t go well. The patient should be alarmed. So should the American taxpayer. “The Congress and administration face serious economic, security, and social challenges…


This is a guest post by Concord Coalition intern Rob Ryan While the fundamentals of the United States economy are strong in the near term, the nation faces major challenges that may put the sustainability of current economic growth at risk. Chief…


This is a guest post by Concord Coalition intern Rob Ryan Politicians and economists have long stressed the importance of simplifying our nation’s tax code. Tax reform that eliminates many tax breaks, also known as “tax expenditures,” can foster economic growth and…

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