Tax Policy Center

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Expert

Rudolph G. Penner

Institute Fellow

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Research report

Long-term budget projections do not have to be right to be useful. Even when they are wrong, forecasts give valuable information about the long-term direction of key sectors of the budget, economy, and population. A variety of models now shows important demographic shifts—such as the aging of...

December 1, 2016
Rudolph G. Penner
Research report

US fiscal policy has long been unsustainable, driven largely by automatically growing entitlement spending and insufficient revenues. Often overlooked is the extent to which this preordained fiscal policy limits policymakers’ discretion to act on new priorities each year. This study lays out...

September 14, 2016
Rudolph G. Penner, C. Eugene Steuerle
Testimony

In this testimony before the US House of Representatives Committee on the Budget, Institute fellow Rudy Penner discussed the problems that could arise from biennial budgeting, including needing to rely more heavily on forecasts which may contain errors, fewer opportunities for oversight, and...

November 18, 2015
Rudolph G. Penner
Testimony

In 1983 the Social Security Trust Fund was rapidly emptying. President Reagan appointed a bipartisan commission headed by Alan Greenspan to recommend solutions. The commission could not agree. Republicans adamantly opposed tax increases and Democrats opposed any slowdown in the growth of...

September 30, 2014
Rudolph G. Penner
Journal Article

It is politically implausible to solve entirely America's budget problem on the spending side, Rudolph Penner states in "The International Economy" journal (spring 2013). Taxes will have to increase as well.

June 26, 2013
Rudolph G. Penner
Research report

The paper describes the current U. S. fiscal problems showing that without significant changes in revenue and spending policies, the country is headed for a sovereign debt crisis similar to that afflicting countries in Southern Europe. Various options for stabilizing the debt-GDP ratio are...

October 16, 2012
John L. Palmer, Rudolph G. Penner
Research report

The report discusses the important budget events of 2011. It begins with the House Republican budget and the president's response. The very different approaches to health and discretionary spending and tax policy are analyzed in detail. The policy debate continued into the confused debt limit...

January 20, 2012
John L. Palmer, Rudolph G. Penner
Brief

In a contribution to the CNNMoney.com, Rudolph Penner discusses the super committee's failure to fix the deficit.

November 21, 2011
Rudolph G. Penner
Testimony

Rudolph Penner's testimony before the House Committee on the Budget on proposals for changing the budget process.

September 21, 2011
Rudolph G. Penner

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