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WASHINGTON -- The Concord Coalition warned that the tax plan released today by the House Ways and Means Committee is fiscally irresponsible and would create even higher federal deficits than are already projected for the coming decade. “True tax reform…

House Republican leaders are scheduled to unveil specifics of their tax overhaul plan this week, a plan that Republicans hope to push through Congress in a matter of weeks. While the inefficient, overly complex tax code has long needed reform,…

WASHINGTON -- The Concord Coalition said today that fiscal policy has taken a very negative turn with adoption of the 2018 congressional budget resolution explicitly calling for deficit-financed tax cuts. “In the face of a debt burden higher than at…

The Concord Coalition said today that the Senate, in adopting a Fiscal Year 2018 budget resolution calling for deficit-financed tax cuts of up to $1.5 trillion over 10 years, has abandoned fiscal responsibility and embraced deepening debt as a misguided…

At a public forum last week in New Hampshire, former U.S. senators Judd Gregg and Kent Conrad warned of difficult federal budget decisions ahead and urged elected officials to pursue more sustainable fiscal policy solutions. Gregg, a Republican from New…

While elected officials in Washington are considering various proposals that would increase the federal deficit, dozens of Iowa residents demonstrated in a recent budget exercise that they strongly favor moving in the opposite direction -- one that would substantially reduce…

The federal tax code is riddled with provisions that either reduce or eliminate tax liabilities for businesses or individuals. These provisions, which include a variety of tax credits and deductions, are often called “tax expenditures.” (more…)

Almost every politician at the national level has expressed concern at one point or another about the federal government’s budget deficits. But one clear takeaway from the past 25 years is that these concerns are often situational and quickly abandoned…