The Latest

On today's federal tax filing deadline, it just so happens that Congress and the Administration have been thinking of different ways to raise tax burdens on the rich. (more…)

It’s getting to be that time again when the Social Security and Medicare Trustees release their annual report on the programs’ 75-year outlook. (more…)

Although spending cuts in last year’s Budget Control Act (BCA) lead to an improved fiscal outlook, the Government Accountability Office (GAO) reminded policymakers this week that the larger long-term budget challenges remain.The law targets discretionary spending and, under two different…

The Supreme Court last week heard arguments on the constitutionality of the 2010 law that revamps the health care system, with conservative justices indicating considerable skepticism over a provision that would require most individuals to buy health insurance or face…

A rare display of bipartisan fiscal cooperation broke out on Capitol Hill last week when 38 House members (22 Democrats and 16 Republicans) braved an onslaught of interest group pressure to vote in favor of a budget resolution designed to…

Sometimes it can seem like none of our elected representatives are willing to buck their own party leaders, let alone vote for something because it’s for the good of the country, rather than serving some ideological purpose. (more…)

Student loan debt appears to have recently surpassed $1 trillion, far higher than previous estimates had indicated, according to the federal Consumer Financial Protection Bureau (CFPB).“Unlike other consumer credit products, student debt keeps growing at a steady clip,” said Rohit…

Despite considerable congressional interest in eliminating many of the tax breaks that favor some individuals over others, a new report by the Congressional Research Service (CRS) warns of a number of complexities in attempting to broaden the tax base.“In a…