With yesterday’s deadline for filing most individual tax returns, many Americans are again wondering how the overly complex and inefficient federal tax code could be improved. “The place to begin is with a major effort to scale back or eliminate…
The Government Accountability Office (GAO) says problems in financial reporting and management continue to raise questions about the reliability of some federal data and add to uncertainties about the nation’s long-term fiscal challenges. “While significant progress has been made in…
Amid widespread concern about rising tuition rates, top Republican tax-writers appear to be taking a hard look at the ways in which colleges and universities are using -- or perhaps not using -- their tax-exempt endowments. Senate Finance Chairman Orrin…
Under the president’s proposed budget for Fiscal 2017, the federal deficit would decline in 2017 and 2018 but would grow after that, according to an analysis released today by the Congressional Budget Office (CBO). Under the President’s plan, CBO estimates,…
