Tax expenditures will reduce government revenue by $7.2 trillion over the next 5 years, according to recent estimates by the Joint Committee on Taxation (JCT) staff. These provisions in the tax code reduce what individuals and corporations pay; they range…
Although Congress has failed for years to pass postal reform legislation, dozens of senators are now trying to block the U.S. Postal Service’s own cost-saving efforts. Last week the Postal Service reported third-quarter losses of $2 billion, up from $740…
This year’s report by the Social Security trustees reminds lawmakers that the next Congress will face a deadline to act on Disability Insurance by 2016, an opportunity that could be used to pursue comprehensive reforms to put all of Social…
President Obama this month signed a measure that provides $11 billion to fund the Highway Trust Fund through May, relying heavily on a budget gimmick euphemistically known as “pension smoothing.” Congress approved the legislation in late July.The Senate had stripped…
