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…
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,…
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…
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…)