On Friday night, Standard and Poors announced that it was downgrading U.S. long-term sovereign debt from AAA to AA+ , the first such downgrade in...

Now that we’ve had a few days to absorb the debt limit agreement signed by President Obama on Aug. 2, it might be useful to...

Congress headed off for its summer vacation yesterday, exhausted after the protracted wrangling over the debt limit that ended with a whimper when President Obama...

What will the debt deal mean for the future of tax reform? Sadly, nothing good. The budget agreement is, for tax reformers, a huge disappointment...

The new budget deal comes in two main parts. The first imposes cuts in discretionary spending of almost $1 trillion over the next decade. The...

Taxpayers who took the 2008 tax credit for new homebuyers were unhappy when Congress made the credit much more generous in 2009 . People who...

Every morning I read essentially the same story in my newspaper– the national debt has hit the legal limit, and unless the debt ceiling is...

Much has been made of TPC’s estimate that fully 46 percent of Americans will pay no federal individual income tax this year. Commentators have often...

Much has been written about how a failure to reach agreement on the federal debt limit would affect the economy and global financial markets. Lately,...

As my Tax Policy Center colleague Donald Marron noted the other day, trying to sort through the various baselines in the Gang of Six’s bipartisan...