Blogs

The expensive tax breaks that lawmakers have been considering tend to get renewed annually. These so-called “tax extenders” would not be paid for, and the estimated 10-year price tag is over $700 billion. Raising the fiscal stakes this year is…

Congressional negotiators have indicated they are making substantial progress on deals that would cover spending plans for the rest of Fiscal 2016 and the extension of a number of tax breaks for businesses and individuals. With the fiscal year already…

Donald Trump is often described as an “unconventional” candidate. When it comes to the federal budget, however, his campaign promises are entirely too conventional. Some candidates deny the necessity of reforming popular entitlement programs such as Medicare and Social Security.…

In the latest Fiscal Fridays interview, Republican front-runner Donald Trump said that as president he would cut taxes on businesses and the middle class, maintain current Social Security and Medicare benefits, and yet still balance the federal budget in short…

Congress last week again failed to address the structural challenges facing the Highway Trust Fund. Instead lawmakers approved a 5-year bill that increases spending on highway and transit projects but relies on unrelated revenue sources and budget gimmicks. Supporters say…

With stopgap legislation set to expire on Friday, lawmakers are continuing to work on overdue spending plans for the rest of the fiscal year that began Oct. 1. There had been hopes that a proposed agreement might be announced Monday,…

In Washington, a new holiday tradition is forming: Congress passing large tax breaks without paying for them. At the end of last year, lawmakers retroactively extended 50 temporary provisions -- known as tax extenders -- for 2014. Now reports indicate…

The federal debt is already at a post-World War II high as a share of the economy, and heading higher on an unsustainable path that Washington is unlikely to fundamentally change in the coming year. That’s why Concord Coalition Executive…