#Tax Policy

Projections by the Congressional Budget Office make it clear that future choices about tax policy -- and particularly about expiring tax cuts -- will be a critical factor in the country’s fiscal outlook for many years to come.Republicans counted it…

With time running short to raise the federal debt limit, Republicans and Democrats are planning votes this week on competing plans that President Obama and House Speaker John Boehner championed in speeches to the country Monday night.Obama called for “shared…

This week Sen. Tom Coburn (R-Ok.) proposed a comprehensive plan to reduce projected federal borrowing by $9 trillion over ten years and the bipartisan “Gang of Six” senators outlined a $4 trillion deficit-reduction plan to their colleagues. President Obama this…

Senate Majority Leader Harry Reid and Senate Republican Leader Mitch McConnell continue to work on a plan that would let President Obama raise the federal debt limit in increments while allowing congressional Republicans to repeatedly vote against the increases.Recent reports…

Although elected officials often talk about tax cuts helping the economy, whether such reductions live up to the high expectations for them depends on the circumstances. Three key factors to consider: the state of the economy, how a proposed cut…

The biggest sticking point in the debt-limit talks has been the disagreement over tax policy. (more…)

Scaling back government subsidies in the tax code, as recommended by a number of bipartisan panels, remains a central issue in the debate over federal deficit reduction.In her latest column for Tax Notes, Concord Coalition Chief Economist Diane Lim Rogers…

The Congressional Budget Office (CBO) released projections last week that Concord Coalition Executive Director Robert L. Bixby said confirms that federal finances “are on an unsustainable course that threatens our economic future, risks turmoil in the financial markets, and burdens…