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Scaling back government subsidies in the tax code, as recommended by a number of bipartisan panels, remains a central issue in the debate over federal deficit reduction.In her latest column for Tax Notes, Concord Coalition Chief Economist Diane Lim Rogers…

The Congressional Budget Office (CBO) released projections last week that Concord Coalition Executive Director Robert L. Bixby said confirms that federal finances “are on an unsustainable course that threatens our economic future, risks turmoil in the financial markets, and burdens…

WASHINGTON -- New long-term projections from the Congressional Budget Office (CBO) underscore the critical need for the President and Congress to produce a broad, bipartisan budget agreement to put the nation on a more responsible path. (more…)

Lawmakers received a stark warning last week from a host of prominent economic and federal policy experts: The mere prospect of a U.S. default could raise interest rates, forcing taxpayers to pay many billions of dollars more on the government’s…

Contradictory reports last week created confusion over the AARP’s stance on possible changes in Social Security. Although the program is now spending more money than it takes in and will face even greater strains as more baby boomers retire, the…

Vice President Joe Biden says the budget talks he chairs are “getting down to the hard stuff” and aiming to curb deficits by $4 trillion over the next decade or so. That's ambitious goal which would be hard to achieve…

With Congress increasingly concerned about military spending in Afghanistan and elsewhere, Leon Panetta signaled last week that as the next secretary of defense he would carefully rein in spending. The former director of the Office of Management and Budget said…

Although Justice Oliver Wendell Holmes once described taxes as “what we pay for civilized society,” political debates over taxes have often been anything but civilized. In recent weeks differences over tax policy in Washington have remained a major obstacle for…