Latest
-
The Economy Needs an Inflation Reduction Act
Senator Joe Manchin (D-WV) just announced an agreement with Senate Majority Leader Chuck Schumer (D-NY) to vote on the Inflation Reduction Act of 2022...
-
CBO Estimates "Chips-Plus" Bill Would Cost $79 billion
The Congressional Budget Office (CBO) has released a cost estimate for H.R. 4346, a “chips-plus” economic competitiveness bill. CBO estimates the...
-
More Borrowing Will Hurt Competitiveness
This week, the Senate is moving forward on a compromise “chips-plus” economic competitiveness bill. Though there is not yet a score from the...
-
WEP/GPO Repeal Would Mean Earlier Insolvency for Social Security
Congress may soon consider legislation to repeal Social Security's Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)...
-
Build Your Own Carbon Tax
One way for the federal government to raise new revenue and reduce greenhouse gas emissions would be by putting a price on carbon. A carbon tax could...
-
To Fight Inflation, More Deficit Reduction is Better
In recent weeks, lawmakers have been negotiating a reconciliation package that would include roughly $1 trillion of revenue and health savings along...
-
Christopher Towner: Cut debt and tax carbon to help bring down inflation
Chris Towner is research director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for Madison News , an excerpt...
-
Lawmakers Now Three Months Past Budget Due Date
The Congressional Budget Act states that Congress must pass its concurrent budget resolution on April 15 th of each year, but no action has been taken...
-
Reconciliation Criticisms Are Off Base
As possible elements of a deficit-reducing reconciliation agreement have emerged, critics have attacked the plan for increasing recession risk...
-
Risks and Threats from Deficits and Debt
After two decades of uninterrupted borrowing – including three years in which deficits surpassed 10 percent of the economy – the U.S. national debt is...
-
Surging Inflation Highlights Need for Deficit Reduction, Not Tax Cuts
CPI inflation set another forty-year record today, rising by 1.3 percent this month and 9.1 percent over the past year. CPI has already risen more...
-
Reconciliation Should Reduce Deficits, Fight Inflation, and Strengthen Medicare
As negotiations have resumed over a potential reconciliation bill, policymakers should maintain focus on combining any new spending and tax breaks...