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There is no shortage of proposals in Congress and in academia for improving the federal budget process. Given that the process has remained essentially unchanged since 1974, it may well be overdue for a facelift. Many of these proposals, such…


Individuals with the least wealth or income potential are the most dependent on government programs for support. Thus, when policymakers talk about reforming entitlement programs, many observers are concerned about the potential impact on these vulnerable groups. The good news…


When state and local governments run into serious financial problems, they often turn to Washington in search of possible solutions. So with the federal government already on an unsustainable fiscal path, a new report raises troubling questions about many state…


On October 10 several members of The Concord Coalition convened in Iowa to host events and meet with stakeholders and media, kicking off the 2020 presidential cycle and celebrating the Concord Coalition's 25th Anniversary. The Concord Coalition has hosted a…


The federal government, like all entities that borrow money, pays for the privilege of doing so in the form of interest. A growing national debt therefore places a greater burden on the federal budget in the form of rising interest…


House Republican leaders are scheduled to unveil specifics of their tax overhaul plan this week, a plan that Republicans hope to push through Congress in a matter of weeks. While the inefficient, overly complex tax code has long needed reform,…


Policymakers in both parties often want to take credit for responsibly offsetting the costs of popular tax cuts or spending increases, but without actually making the hard choices necessary to do so. That would require higher taxes or lower spending…


Most people agree that current fiscal policies are unsustainable. It is thus a matter of common sense to require those who want to enact new tax cuts or entitlement expansions -- both of which would enlarge the structural deficit --…


At a public forum last week in New Hampshire, former U.S. senators Judd Gregg and Kent Conrad warned of difficult federal budget decisions ahead and urged elected officials to pursue more sustainable fiscal policy solutions. Gregg, a Republican from New…


While elected officials in Washington are considering various proposals that would increase the federal deficit, dozens of Iowa residents demonstrated in a recent budget exercise that they strongly favor moving in the opposite direction -- one that would substantially reduce…


Last month the U.S. national debt surpassed $20 trillion for the first time in history. It is clear that our nation’s fiscal path is unsustainable. Unfortunately, in Washington our elected officials are kicking the can down the road and avoiding…


The federal tax code is riddled with provisions that either reduce or eliminate tax liabilities for businesses or individuals. These provisions, which include a variety of tax credits and deductions, are often called “tax expenditures.” (more…)

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