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The U.S. Chamber of Commerce has presented a new infrastructure plan that includes a realistic look at two key issues: the federal gas tax and the need for immigration policies that will ensure a sufficient labor force. On the gas…


Not all deficits are created equal. In designing policy responses, it is important to distinguish between “cyclical” and “structural” deficits. Cyclical deficits are caused by a weak economy. Recessions drive down government revenue because many workers and businesses are no…


Many politicians who want to simultaneously receive credit for promoting fiscal responsibility while avoiding the tough decisions required often look for easy solutions. The two most common of these are pledges to cut “waste, fraud and abuse” and to “grow…


A group of prominent economists and experts on the federal budget warned at The Concord Coalition's 25th Anniversary forum that the government is on an unsustainable fiscal course that puts the country’s future at risk and could place an unfair…


President Trump’s nominee for chairman of the Council of Economic Advisers (CEA), Kevin Hassett, appeared before the Senate Banking, Housing and Urban Affairs Committee for his confirmation hearing on Tuesday. The nomination of Hassett, an American Enterprise Institute economist, received broad…


The Trump administration’s budget plan rests heavily on the assumption that the American economy will grow much more rapidly in the next decade than the Congressional Budget Office (CBO) and many private-sector economists have projected. The Concord Coalition, the Committee for…


Experts on the federal budget often warn that excessive federal debt could eventually lead to a fiscal crisis. But what would that actually involve, and how could Washington respond to such a crisis? (more…)


Last week, the Congressional Budget Office published a blog exploring the role of fiscal policy in improving economic productivity. The subject is particularly interesting given how frequently politicians propose to pay for their agendas, be they tax cuts or spending increases, with…


The first segment of the first presidential debate between Democrat Hillary Clinton and Republican Donald Trump was dedicated to achieving prosperity. That provided an opportunity for the moderator to ask about -- and the candidates to talk about -- their…


A new report from the Congressional Budget Office reviews the serious problems facing the Pension Benefit Guaranty Corporation’s (PBGC) multiemployer program and analyzes proposed solutions.The PBGC is a government-owned corporation with a critical role: Insuring pension benefits for people in…


In the latest Fiscal Fridays interview, Republican presidential candidate Lindsey Graham said substantial reforms to the tax code and federal entitlement programs are essential to reducing the federal debt and protecting the nation’s economic future. “The purpose of my presidency…


It has been easy for advocates of generationally responsible tax and spending policies to look at Capitol Hill with dismay for the past few years. A few consequences of inaction and lack of bipartisanship include: A complete breakdown in the…

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