Moving rapidly to pass the next installment of COVID-19 pandemic relief, on May 15 the U.S. House of Representatives passed H.R.6800, the Health and Economic Recovery Omnibus Emergency Solutions Act, or the HEROES Act. Although the Congressional Budget Office has…
Today’s update from the CBO provides a sobering reality check on campaign calls for major spending increases or big tax cuts. The alarming budget outlook during a period of sustained economic growth and low unemployment reflects the continuing failure of…
The House of Representatives is expected to vote tomorrow on repealing the so-called “Cadillac Tax” on high-cost health insurance plans. The tax attempts to limit the tax-free treatment of employer-provided health insurance benefits by basically taxing those benefits above a…
Federal deficits are rising so rapidly that many politicians appear to be throwing up their hands and simply ignoring the numbers. It is true that the necessary fiscal repairs would generally require hard choices and public sacrifices. There is at…
