Tax Policy Center

Debt Limit

Individual Taxes: TaxVox
President Obama’s proposal to raise taxes on corporate jets is the Democratic version of “waste, fraud and abuse”—a political attack on a target of opportunity...
July 5, 2011Howard Gleckman
Federal Budget and Economy: TaxVox
Republicans are demanding a deficit-reduction package that’s entirely spending cuts. Democrats insist that revenues must also be included. Are these positions completely irreconcilable? Not if...
June 29, 2011Donald Marron
Federal Budget and Economy: TaxVox
Fiscal hawks (including me) often warn about what would happen to financial markets if Washington doesn’t get the deficit under control, and, worse, can’t manage...
June 28, 2011Howard Gleckman
Federal Budget and Economy: TaxVox
Since the day of Alexander Hamilton, the United States has never defaulted on the federal debt. That’s what we budget-watchers always say. It’s a great...
May 26, 2011Donald Marron
Federal Budget and Economy: TaxVox
The other day, I blogged on the necessity of increasing the debt limit. And I got a remarkable response: The tea party and others on...
April 26, 2011Howard Gleckman
Federal Budget and Economy: TaxVox
So it has come to this: The biggest short-term risk of the U.S. defaulting on its sovereign debt is not that big spenders will have...
April 21, 2011Howard Gleckman
Federal Budget and Economy: TaxVox
In a guest column at CNN Money , I argue that Treasury Secretary Timothy Geithner won't allow us to default on the public debt even...
January 19, 2011Donald Marron
Federal Budget and Economy: TaxVox
Sometime this spring, Congress will vote to increase the debt ceiling. That vote won’t come easy. Newly ascendant House Republicans will threaten to withhold needed...
January 14, 2011Donald Marron