Brief

[Financial Times] In many ways, the debate over the tax bill was simply a warm-up for the much larger budgetary issues that Congress and President George W. Bush must face over the next few years. There is little doubt that if healthcare and retirement spending increase as scheduled,...

June 21, 2001
C. Eugene Steuerle
Brief

[Nihonkeizai Shimbun] What can Japan learn from the United States' experience with deficit reduction? First and foremost, U.S. success in eliminating deficits would not have been possible without the support of a broad public consensus that focused on the long-run negative effects of...

May 23, 2002
Rudolph G. Penner
Brief

[L.A. Times] Four Economic Views, but there's one point on which analysts agree: The U.S. economy is shaky. But beyond that basic truth, there is little consensus. Why things soured, how to get back on track, even how.

December 29, 2002
Rudolph G. Penner
Brief

The Enron debacle had potential implications in three areas of tax policy: tax-favored retirement plans, stock options, and differences in book versus tax accounting. The most important issue relates to the increasing riskiness of retirement plans that (1) can pay in a lump sum amount, (2) are...

February 13, 2003
Jane G. Gravelle
Brief

This paper examines long-term fiscal discipline and economic performance, with two main results. First, declines in budget surpluses (increases in deficits) reduce national saving and therefore reduce future national income, regardless of their effect on interest rates. Second, increases in...

April 24, 2003
William G. Gale, Peter Orszag
Brief

[Boston Globe] Like Massachusetts, state governments across the nation are facing budget deficits of historic proportions. Next year, they will face combined projected shortfalls of between $70 billion and $85 billionor about 15 percent of all the money they spend out of their general...

April 27, 2003
Peter Orszag, Joseph E. Stiglitz
Brief

In this commentary for Marketplace, Len Burman argues that the government's faith in free-market solutions to public policy issues is contradicted by its position against private testing of cattle for Mad Cow disease.

July 2, 2004
Leonard E. Burman
Brief

As well-designed decentralized intergovernmental system is key to developing country's ability to achieve its 2015 Millennium Development Goals. And, whereas fiscal decentralization has many facets, there is a necessary condition that must be satisfied for its success: local governments...

March 7, 2005
Robert D. Ebel, Robert Taliercio
Brief

[Los Angeles Times] If you thought this year's tax bill was a burden, wait until you see your "share" of government spending in 2050. Tax Policy Center codirector Len Burman looks into the future according to CBO and sees a number of doomsday scenarios looming. Among them are a doubling...

April 15, 2005
Leonard E. Burman
Brief

Using dynamic scoring to weigh the effects of tax and spending proposals poses a high risk that ideological biases will pollute the analysis, senior fellow Rudolph Penner warns in a Ripon Forum commentary. The former director of the Congressional Budget Office also points out that...

April 21, 2006
Rudolph G. Penner