TaxVox: Federal debt

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The voices of Tax Policy Center's researchers and staff

Congress In 2019: What’s Ahead For Fiscal Policy?

January 4, 2019 –
The return of divided government and the early stages of the next presidential election create enormous uncertainty about how 2019 will go. As Yogi Berra...
Federal Budget and Economy

What Would It Take For Congress To Bring The Federal Debt Down To Manageable Levels

August 22, 2018 –
Back in the presidential campaign, candidate Donald Trump promised to eliminate the national debt in eight years. This goal was never plausible, even before Congress...
Federal Budget and Economy

CBO’s Grim Budget Forecast Underestimates The Nation’s True Fiscal Problems

April 23, 2018 –
CBO recently released new budget projections that incorporate the 2017 tax act and the 2018 spending deals. In a new paper with Alan J. Auerbach,...
Federal Budget and Economy

Pete Peterson and Our Chaotic National Debates

April 3, 2018 –
Each person’s death gives us a moment to pause and ask what lessons their lives offer for us. Here is a lesson from the life...
Federal Budget and Economy

What Singapore and Germany Can Teach The US About Fiscal Policy

February 22, 2018 –
The US—with a projected 2018 federal budget deficit of 4 percent of Gross Domestic Product and an economy running at close to full employment-- just...
Campaigns, Proposals, and Reforms

The House Ways and Means Tax Bill Would Raise the National Debt to 123 percent of GDP by 2037

November 16, 2017 –
The Tax Policy Center estimates that the House Ways and Means Committee’s version of the Tax Cut and Jobs Act (TCJA) would increase the ratio...

The Nation’s Fiscal Outlook Has Not Improved

August 4, 2017 –
While policy makers and news headlines focus on debates about health care and tax policy, the U.S. fiscal outlook remains troubling and is a constraint...

My Advice To The Senate Finance Panel About Tax Reform

July 19, 2017 –
On July 18, four former assistant Treasury secretaries for tax policy testified before the Senate Finance Committee on the prospects and challenges of achieving tax...
Federal Budget and Economy

Making America's debt great again

August 10, 2016 –
Donald Trump has put forth some really novel (and poor) ideas – his immigration and trade policies come to mind. His tax reform ideas are...
Federal Budget and Economy

Bush’s Tax Plan Would Add $6.8 Trillion to the National Debt, Benefit High-Income Households

December 7, 2015 –
Jeb Bush’s tax plan would boost deficits by $6.8 trillion between 2016 and 2026 and overwhelmingly benefit the highest income taxpayers, according to...