Tax Policy Center

budget process

Individual Taxes: TaxVox
Congressional negotiators are trying to craft a budget deal by mid-December. Fareed Zakaria’s Global Public Square asked twelve experts what they hoped that deal would include. My suggestion: it’s time to fix the budget process: Odds are slim that the budget conference will deliver anything big on
November 4, 2013Donald Marron
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
Individual Taxes: TaxVox
The Congressional Budget Office released its latest Budget and Economic Outlook earlier this week. As always, the Outlook provides insight into the fiscal status of the federal government. My three overarching reactions are: First, because American Taxpayer Relief Act of 2012 (ATRA) instituted tax
February 8, 2013William G. Gale
Federal Budget and Economy: TaxVox
Last week I argued that budgeting for Medicare's hospital insurance program is flawed . Today, I offer two ways to fix it (and reject a third). Medicare Part A is one of several federal programs that control spending through a “belt and suspenders” combination of regular program rules (the belt)
May 18, 2012Donald Marron
Individual Taxes: TaxVox
The recent double-counting dispute isn’t just about politics; it also reveals a flaw in budgeting for Medicare Part A. Budget experts are waging a spirited battle over the Medicare changes that helped pay for 2010’s health reform. In April, Chuck Blahous, one of two public trustees of the program,
May 9, 2012Donald Marron
Federal Budget and Economy: TaxVox
My latest column for the Christian Science Monitor argues that a slew of budget deadlines will drive policy action this Fall. Case in point, the potential for a government shutdown when the government’s fiscal year ends later this week. I don’t think that’s likely, at least not yet, but such
September 25, 2011Donald Marron
Campaigns, Proposals, and Reforms: TaxVox
In a couple of weeks, President Obama will ask Congress to extend this year’s payroll tax cut. It will surely become a classic Washington double-reverse rhetorical moment. I can’t wait to hear Obama lift some of House Speaker John Boehner’s (R-OH) best lines about the folly of raising taxes in the
August 18, 2011Howard Gleckman
Federal Budget and Economy: TaxVox
My latest column at the Christian Science Monitor : America's leaders need to get to yes on a budget deal – one that marries substantial deficit cuts with a much-needed increase in the debt limit. But that's not enough. Rather than merely increasing the debt limit, we should eliminate it. I realize
July 18, 2011Donald Marron
Federal Budget and Economy: TaxVox
There has been a lot of talk in Washington recently about “job-killing tax increases.” Raising taxes, the argument goes, would lead businesses to hire fewer workers and stifle our already weak economic recovery. But I haven’t heard anyone talking about “job-killing spending cuts.” In macroeconomic
July 15, 2011Roberton C. Williams
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