Tax Policy Center

national debt

Campaigns, Proposals, and Reforms: TaxVox
The Congressional Budget Office’s long term budget outlook is a curious document. On one hand, a 30-year fiscal forecast will almost certainly be wrong. But...
July 12, 2016Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
The folks over at the Committee for A Responsible Federal Budget have added up the cost of Democratic presidential hopeful Hillary Clinton’s policy platform and how she’d finance it. And, lo and behold, it looks like she’d actually pay for nearly all she wants to do. In contemporary American politics, this is nothing short of amazing.
May 3, 2016Howard Gleckman
: TaxVox
Is dynamic scoring ready for prime time? At a TPC-Hutchins Center program yesterday, backers and critics debated whether congressional scorekeepers should include macroeconomic effects of tax changes when doing a budget score. They disagreed, of course, but did agree that if the tool is used, it
January 27, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
Do deficits, or at least currently projected deficits, matter? It is an age-old question that’s going to get renewed attention in a Congress where Republicans have made no secret of their desire to cut government spending. Of course, cutting spending is not the same thing as reducing the deficit.
January 13, 2015Howard Gleckman
Federal Budget and Economy: TaxVox
If you recently heard the news that Congress is debating the merits of raising the debt ceiling, don't think you have time-traveled back to 2011 or to 2012. In the absence of Congressional action, and barring some extraordinary measures, the debt ceiling is set to be breached sometime in the next
October 2, 2013William G. Gale
Federal Budget and Economy: TaxVox
The Congressional Budget Office’s summer budget update charts two undesirable paths for the nation’s economic and fiscal health next year. Call them Gloom and Doom. Gloom is what happens if the tax increases and government spending cuts scheduled to arrive in January actually occur. CBO says that
August 23, 2012Roberton C. Williams