#Tax Policy

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Will Congress be able to approve a plan this year to significantly reduce deficits over the coming decade? Just in time for Halloween last week, Concord Coalition Chief Economist Diane Lim Rogers wrote in a Tax Notes column about the…


As elected officials weighed reforms that could put the federal budget on a sustainable track, the AARP last week reiterated its opposition to even including Social Security and Medicare in the discussion. The organization’s recent explanations for what appears to…


President Obama said Monday he would seek congressional approval of “bite-sized pieces” of his $447 billion plan to bolster the economy after a Senate vote last week blocked the package as a whole, along with a provision Democrats had added…


The Congressional Budget Office has provided an estimate of what the deficit would be if the economy were operating at total capacity. With full utilization of capital and labor resources in the economy, CBO says, the deficit for fiscal year…


Iowa residents were urged last week to help focus the 2012 election on fixing the federal government’s long-term budget problems. Two prominent experts on the federal budget emphasized that point to college students, business and civic leaders, journalists and others…


The new congressional committee on deficit reduction continues its work this week amid concerns that some elected officials have tried to narrow its options.In a recent guest column in the Ames Tribune in Iowa, Concord Coalition officials lament that both…


Former CBO directors Rudolph Penner and Alice Rivlin were among the budget experts who testified in front of the House Budget Committee last week about the country’s broken budget process and offered their suggestions.Penner emphasized that Congress should get serious…


Sep 27, 2011
Last week the House Ways and Means Committee held a hearing on “dynamic scoring,” a controversial alternative method for estimating how tax legislation will affect government revenue over the long term.Dynamic scoring adjusts revenue estimates to account for the effects…


Members of the new congressional committee on deficit reduction are showing considerable interest in the idea of revamping the tax code. At a public hearing last Thursday, however, lawmakers on the panel expressed differing views over what changes should be…


The “dynamic scoring” debate is back again. (more…)


While tax cuts can encourage economic growth, it is important for Congress to remember that some work better than others – and to keep the big fiscal picture in mind. That’s the advice Diane Lim Rogers, chief economist for The…


President Obama offered his deficit-reduction recommendations to the congressional super committee on Monday, urging the panel to find both spending cuts and additional tax revenue to far exceed its assigned goal.Obama put Medicare and Medicaid on the negotiating table, giving…

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