Blogs

The House voted 274-131 earlier this month to make the Research and Development Tax Credit permanent without offsetting the cost. The vote was the first to renew one of the expired tax provisions known as “extenders.”Making this tax credit permanent…

The Highway Trust Fund is projected to run a $164 billion shortfall over the next 10 years unless lawmakers take action, according to the Congressional Budget Office (CBO).The trust fund consists of two accounts: one for highway work, which receives…

Despite its grim title of “Dead Men Ruling,” Eugene Steuerle’s new book offers an optimistic message about the nation’s future as he calls for greater fiscal responsibility and generational fairness.In a blog post discussing the book, Concord Coalition Executive Director…

While many in Washington have put fiscal sustainability on the back burner, the Government Accountability Office (GAO) offers an important reminder of the need for prompt fiscal reforms.“Significant action to change the long-term fiscal path must be taken soon to…

The Pentagon is warning that budget caps scheduled to take effect after next year could mean cuts to readiness, modernization and force structure that would increase national security risks.The future spending caps are based on sequestration-level funding. After next year,…

The Bipartisan Policy Center (BPC) launched its Personal Savings Initiative at a press conference Wednesday featuring former Senate Budget Committee Chairman Kent Conrad (D-N.D.) and Jim Lockhart, former deputy commissioner of the Social Security Administration.Lockhart and Conrad will chair an…

The differences between the 10-year budget plans by President Obama and the House of Representatives would be difficult to resolve under the best of circumstances.Without a Senate plan, however, there is no prospect of a concurrent congressional budget resolution --…

Although the federal deficit has dropped significantly since the four-year string of trillion-dollar-plus shortfalls that began in 2009, under current law the deficits will start rising again soon.Sara Imhof, Midwest field director for The Concord Coalition, and Loren Adler, research…