#Tax Policy

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Last year’s tax legislation fell short of some supporters’ key stated goals, notably to greatly simplify the tax code and strengthen the federal government’s financial position. Two new analyses from the International Monetary Fund (IMF) and the Peter G. Peterson…


President Trump’s claim this week that his tariffs will enable the government to start "paying down" large amounts of the federal debt is wrong for a very simple reason: It is impossible to reduce debt while you are still adding to it.…


By Rob Ryan Despite much discussion in Washington about the need for more substantial investment in infrastructure, nothing much has been done. House Transportation and Infrastructure Chairman Bill Shuster (R-Pa.), however, recently unveiled a proposal that would help address --…


With the federal government rapidly sinking further and further into debt, House Ways and Means Committee Chairman Kevin Brady last week released a loose framework for tax legislation that would require even more federal borrowing. This proposal flies in the…


In a welcome show of bipartisan cooperation, lawmakers appear to be moving forward on IRS legislation that they say would help taxpayers, reduce tax-refund fraud and improve tax-collection efforts. Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ron Wyden (D-Ore.),…


By Rob Ryan The state of the economy is a crucial determinant of the federal budget outlook. Even slight changes in key economic indicators can lead to major shifts in federal revenues and outlays. The Congressional Budget Office (CBO) outlined…


This is a guest post by Concord Coalition intern Rob Ryan Politicians and economists have long stressed the importance of simplifying our nation’s tax code. Tax reform that eliminates many tax breaks, also known as “tax expenditures,” can foster economic growth and…


Congress and the Trump administration could save tens of billions of dollars by acting to improve efficiency and effectiveness in dozens of federal programs that range from Medicare to military purchasing to storage of radioactive waste, according to the Government…


As lawmakers start to move forward on spending legislation for the Fiscal 2019, it seems increasingly likely that they will skip an essential first step in the congressional budget process: Passing a budget resolution. If they skip it, they will…


The United States has earned a dubious distinction, according to the International Monetary Fund (IMF): It is the only economically advanced country in the world that plans to dig itself deeper into debt over the next five years. The IMF…


WASHINGTON -- The Congressional Budget Office (CBO) today released projections that show sharp increases in the federal deficits and debt over the next decade and beyond. Robert L. Bixby, executive director of The Concord Coalition, issued the following statement: This…


It probably isn’t a good sign when a political project is initially mistaken for a joke. But President Trump and House Ways and Means Chairman Kevin Brady last week found themselves having to insist that they were serious about wanting…

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