Congressional procrastination could lead to chaotic decision-making on the federal budget after the November elections, but many economists believe this procrastination is already harming the economy. The damage stems from widespread uncertainty over what elected officials will do, if anything,…
In a Senate Finance Committee hearing last week, the co-chairs of a Bipartisan Policy Center panel discussed proposals to stabilize and eventually reduce the size of the debt compared to the economy.The testimony came from Pete Domenici, a former Republican…
As today’s federal tax filing deadline approached, policymakers and analysts continued their debates over how to improve the U.S. tax system. A program last week at the Tax Policy Center (TPC), for example, focused on whether the rich should pay…
Could the tax code be changed in ways that could simultaneously reduce the deficit, encourage economic growth and promote fairness? Diane Lim Rogers, chief economist for The Concord Coalition, assured the Senate Budget Committee last week that these goals are…
