Tax Policy Center

Balanced Budget Amendment

: TaxVox
The Highway Trust Fund is almost out of gas. Congress leaves for its month-long recess on Friday, but without legislative action the fund will run out in August. The Senate is expected to vote on the amended bill this week, though it needs 60 votes to pass. Senate Majority Leader Harry Reid had
July 28, 2014Renu Zaretsky
Federal Budget and Economy: TaxVox
The balanced budget amendment introduced by Senate Republicans yesterday contains a striking error. As written, it would limit federal spending much more than they claim or, I suspect, intend (I said the same back in 2011, when this first came up). The senators want to balance the budget by
February 14, 2013Donald Marron
Federal Budget and Economy: TaxVox
Give Sen. Tom Coburn(R-OK) credit. In a city where obfuscation and misdirection are the coin of the realm, the conservative Republican lets you know exactly where he stands. While most of his party remains mired in its “job-killing tax increase” rhetoric, Coburn has no misgivings about eliminating
July 19, 2011Howard Gleckman
Federal Budget and Economy: TaxVox
Senate Republicans made a striking error in the balanced budget amendment they introduced last week . As written, the amendment would limit federal spending far more than those senators realize or, I suspect, desire. The Republicans want the budget to be balanced by keeping spending down rather
July 6, 2011Donald Marron