Legislation recently introduced in the Senate would strip away the tax-exempt status of professional sports leagues, including the NFL, NHL and PGA. (MLB switched its tax status to a limited liability corporation in 2007.)The bill, introduced by Sen. Tom Coburn…
Federal spending on everything other than major health care programs (Medicare, Medicaid, and the Children’s Health Insurance Program), Social Security and net interest--will decline to historically low levels as a share of GDP in the next few decades, according to…
With advice and encouragement from two former U.S. House members, participants in a federal budget exercise Monday in Lawrence, Kansas developed broad fiscal reform plans that would put the government on a more responsible course over the next 10 years.The…
The Congressional Budget Office has released new long-term projections that show why Washington must work towards comprehensive fiscal reforms even though the federal deficit has fallen sharply this year.“We’ve had some good short-term news on the deficit this year, but…