In recent years President Obama has repeatedly suggested limiting the tax benefits on itemized deductions to 28 percent, a proposal that the Congress Budget Office has estimated could raise $293 billion over 10 years. (more…)
The Concord Coalition today gave mixed reviews to President Obama’s proposed budget for the 2013 Fiscal Year, praising its recommendations to broaden the tax base and achieve incremental Medicare savings but lamenting the lack of a greater commitment to broader…
Congressional Budget Office Director Douglas Elmendorf and Federal Reserve Chairman Ben Bernanke both have reminded lawmakers of the challenges ahead if policies are not enacted to place our nation on a fiscally sustainable path.In testimony before the House and Senate…
President Obama proposed significant changes in tax policy in his State of the Union address last week, emphasizing the need for fairness as the economy continues to recover from a severe recession. Gov. Mitch Daniels of Indiana delivered the Republican…