Tax Policy Center

deficit reduction

Federal Budget and Economy: TaxVox
This is one of a series of guest TaxVox blog posts discussing dynamic scoring. The House recently changed the rules of budget scoring: The Congressional Budget Office and the Joint Committee on Taxation will now account for macroeconomic effects when estimating the budget impacts of major
February 27, 2015Donald Marron
Federal Budget and Economy: TaxVox
Neither Congress nor the White House seem to care much about the budget deficit these days, but if you do, the Committee for a Responsible Federal Budget has created an updated online budget simulator that lets you try to get a handle on fiscal policy. The goal of this online game is to stabilize
June 26, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
Over the past few years, the long-term fiscal situation has improved. With the passage of the American Taxpayer Relief Act of 2012 (in early January,...
March 6, 2014William G. GaleAlan J. Auerbach
Federal Budget and Economy: TaxVox
I was chatting the other day with a fellow budget wonk who noted the cruel paradox of fiscal politics: When the economy is bad, deficits...
February 4, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
No one quite knows what exactly Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) mean when they say they will...
July 3, 2013C. Eugene Steuerle
Federal Budget and Economy: TaxVox
President Obama’s budget identifies a group of policies as a $1.8 trillion deficit reduction proposal. I found the budget presentation of this proposal somewhat confusing;...
April 12, 2013Donald Marron
Federal Budget and Economy: TaxVox
I suspect that by early next week, the sequester will be old news. We’ll be on to the next crisis—the impending government shutdown scheduled for...
March 1, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
The latest chapter in Washington’s never-ending fiscal drama is about to play out in tomorrow’s sequester--a word most Americans should never have had to learn...
February 28, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
Yesterday, I described President Eisenhower’s remarkable success in turning a large deficit in fiscal 1959 into a balanced budget in 1960. It was one of...
December 18, 2012Rudolph G. Penner
Federal Budget and Economy: TaxVox
The election results did not change the political status quo, and the status quo has not been conducive to solving the nation’s festering fiscal problems...
December 17, 2012Rudolph G. Penner