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Latest Move Threatens Reform of Medicare Doctor Payments

Mar 10, 2014
As the April 1 deadline to avert a 24 percent cut in Medicare’s payments to physicians approaches, hopes for enacting a permanent reform to the flawed payment formula appear to be dwindling. The sustainable growth rate formula (SGR) that determines…
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Blogs

Camp’s Tax Plan: A Good Starting Point for Reform

Mar 5, 2014
The recent release of House Ways and Means Chairman Dave Camp’s detailed plan for comprehensive tax reform was unfortunately met with a collective shrug by his congressional colleagues in both parties.“By adding specifics to what is usually a hypothetical discussion,…
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Press Releases

President’s Campaign-Year Budget Plan Is Unlikely to Foster Progress on the Nation’s Key Fiscal Challenges

Mar 4, 2014
WASHINGTON -- The Concord Coalition expressed disappointment today that President Obama’s proposed 2015 budget shifts the administration’s focus away from the credible framework he offered last year for comprehensive, bipartisan fiscal reform.“While there are some positive elements in the President’s…
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Blogs

Yellen Decries Fiscal Drag in Recent Testimony

Mar 3, 2014
In testimony to lawmakers last week, Federal Reserve Chair Janet Yellen criticized current fiscal policy, saying budget cuts have put a drag on the economy while longer-term deficit projections still need to be addressed.During her testimony to the Senate Banking…
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Blogs

Camp’s Tax Plan Is a Good Start, But Other Policymakers Must Join the Conversation

Feb 28, 2014
Ways and Means Committee Chairman Dave Camp (R-Mich.) released a detailed discussion draft on comprehensive tax reform Wednesday that eliminates inefficiencies in the tax code and makes it simpler. The Concord Coalition commends Chairman Camp for his efforts. (more…)
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Blogs

Despite Lower Deficits, CBO Warns of Rising Debt

Feb 25, 2014
In an analysis of its recent Budget and Economic Outlook, the Congressional Budget Office (CBO) underscores a key point: That growth in health care and retirement programs, together with rising interest payments, will drive projected federal deficits and debt higher…
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Blogs

Ways and Means Chair Pushes Tax Code Overhaul

Feb 25, 2014
House Ways and Means Chairman Dave Camp (R-Mich.) is urging Republicans on the committee to support comprehensive tax reform, telling them in an email last Wednesday that he would release a first draft of his tax reform plan later this…
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Blogs

The President’s Budget: Political Expediency Threatens Fiscal Reforms

Feb 24, 2014
As we await the full release of the President’s Fiscal Year 2015 Budget, some important specifics have been slowly made public. It looks like this budget, as is usually the case, will contain a mixture of sensible reforms and politically…
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Blogs

Military Pension Reform: Blink and You Missed It

Feb 18, 2014
In a disappointing show of political panic, Congress last week overturned a reasonable reform it passed just last December in future cost-of-living adjustments for military pensions going to working-age beneficiaries. President Obama signed the reversal legislation last weekend.The episode does…
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Blogs

High and Rising Debt Keeps U.S. Future at Risk

Feb 18, 2014
Although Congress recently completed its budget process for this fiscal year and took action to avoid another federal debt crisis, Washington has again postponed action on the larger challenge of long-term fiscal sustainability.“Our nation’s future remains at risk,” warns Paul…
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Blogs

Two-Year Budget Cycle Could Improve Oversight

Feb 18, 2014
The House Budget Committee last week approved a bill on a bipartisan 22-10 vote that would switch the annual congressional budget process to a biennial (two-year) cycle.The legislation, introduced by Rep. Reid Ribble (R-Wisc.), a committee member, has attracted 100…
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Blogs

House Budget Panel Approves Switch to Biennial Budgeting

Feb 14, 2014
The House Budget Committee last week approved a bill on a bipartisan 22-10 vote that would switch the annual congressional budget process to a biennial (two-year) cycle. (more…)
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