budget deficit

How Much Would An Individual Tax Rate Cut Add to the Deficit, and Who Would Benefit?

Reducing tax rates is a guiding principal of most tax reform plans. Even Democrats who see reform partly as a tool to boost revenues agree that some money generated by eliminating tax preferences ought to go to rate reduction. But how much does Treasury lose when Congress reduces individual tax

August 21, 2014Howard Gleckman

Federal Budget and Economy: TaxVox

Does Congress Really Care About the Deficit? Not When It Comes to Vets and Highways.

Next time a lawmaker starts to pontificate about the desperate need to reduce the budget deficit, remind him (or her) about what Congress did just before it left town last week. It passed two bills that are extremely important, but didn’t pay for either of them. And they are likely to add tens of

August 7, 2014Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Most GOP Presidential Candidates Would Increase the Deficit

Republican Presidential candidates say--all the time--that they hate budget deficits. A linchpin of each of their campaigns is a promise to slash government and eliminate...

February 23, 2012Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

The Bowles-Simpson “Chairmen’s Mark” Deficit Reduction Plan

Erskine Bowles and Alan Simpson, co-chairs of President Obama’s Deficit Commission, have released a “ Chairmen’s Mark ,” a broad plan to reduce the federal...

November 12, 2010TPC