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US Fiscal System Remains Highly Progressive After the “Big Beautiful Bill” Spending Cuts

The following is a guest essay written by economist Adam Michel, PhD. He is the Director of Tax Policy Studies at the Cato Institute and previously served as Deputy Director of the US Congress Joint Economic Committee. Follow and subscribe…

In Defense of the Referees: Why Undermining GAO and CBO Weakens Congress Itself

In an era where partisan rhetoric too often outshouts prudent policy, the integrity of Congress’s internal referees—the Government Accountability Office (GAO) and the Congressional Budget Office (CBO)—has never been more essential. Yet these two cornerstone institutions are increasingly under fire,…

Medicare’s Costs are Rising and the Budget Process is Failing

By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future, Jim Capretta of the American Enterprise Institute digs into the 2025 Medicare Trustees Report and explains why federal budget rules…

The So-Called Big Beautiful Bill Is Not Just Ugly, It’s Unwise Economic Policy

Concord Action welcomes a variety of viewpoints on issues related to the long-term fiscal health of the nation. The following is a guest essay written by economist Diane Lim who was most recently the Director of the Equity Hub at the U.S.…

Controlling for Impoundment: How the Rescissions Process Works and What is Next

If the House-passed $9.4 billion dollar rescissions package canceling funding for foreign aid and public broadcasting is approved by the Senate, it will mark the first time in a quarter century that a President has successfully rescinded funds through the…

One Big Beautiful Bill: One Big Growing Debt

As Congress pushes forward with the One Big Beautiful Bill Act (OBBBA), the numbers tell a troubling tale: the legislation keeps getting more expensive, even as the national debt spirals into uncharted territory. Comparison of House and Senate Versions of…

How the Senate’s “Current Policy” Baseline Masks Almost $4 Trillion in Borrowing

In the latest twist of fiscal illusionism, Senate Republicans have deployed a controversial accounting maneuver to make their reconciliation bill appear far less costly than it truly is. At the heart of the deception is the use of a “current…

The Price Tag Illusion: How Budget Gimmicks Are Hiding the True Cost of the OBBBA

As the Senate moves closer to finalizing the One Big Beautiful Bill Act (OBBBA), the headlines are focused on tax cuts, spending priorities, and political infighting. But at the same time, something more troubling is happening: policymakers are promoting budget…

Ignoring Costs Doesn’t Make Them Go Away

The White House distributed a memo last week claiming that upon enactment of the One Big Beautiful Bill (OBBB), “the Trump Administration will have embarked on actions that reduce deficits by at least $6.6 trillion over 10 years.” The memo…

Debt Concerns Haunt “Big Beautiful Bill”

By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future, the guest was Bill Hoagland, Senior Vice President at the Bipartisan Policy Center. Hoagland spent 33 years grinding through the…

Coming to Agreement on the Federal Budget: Budget Exercise in Atlanta with WSB Radio’s Shelley Wynter

In partnership with WSB Radio’s Shelley Wynter from The Shelley Wynter Show, we took the Principles & Priorities budget exercise to Atlanta, Georgia, for an insightful event that brought together people from all sides of the aisle.  “The conversations were tough,…

What’s Behind the Greenland Pitch?

By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future, the guest was former Congressman Richard Swett (D-NH), who also served as U.S. Ambassador to Denmark. He discussed President…

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