Federal Budget and Economy Archive

Playing Russian Roulette With The Federal Debt

TweetShareSharePin0 Shares Congress should eliminate the debt ceiling this year. It serves no useful purpose. It doesn’t contribute to fiscal discipline, and breaching it entails large, potentially, catastrophic costs. Those risks could become painfully apparent sometime next year. Not only will the current borrowing limit be reached but influential lawmakers already are threatening to hold

Why TPC Revised Its Estimates Of The Business Tax Proposals Pending In the Post-Election Congress

TweetShareSharePin0 Shares The Tax Policy Center has revised its estimates of the revenue cost and distributional effects of the business tax cuts included in its analysis of several tax changes currently pending in the post-election session of Congress. TPC analyzed the effects of eliminating a scheduled phase-down in 100 percent bonus depreciation. However, TPC incorrectly

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