When it comes to spending, President Obama’s proposed budget for 2011 takes fiscal irresponsibility to Greece and beyond. Ernest S. Christian and Gary A. Robbins, both former Treasury tax officials, write in the Washington Times that “the president’s planned fiscal excesses beyond 2010 cannot plausibly be attributed to the recession, …
The United States must reverse its spending habits, and most Americans know it. A recent poll by Resurgent Republic shows that 62 percent of likely voters are very concerned about the level of deficit spending of which Congress is guilty. When those that were somewhat concerned are included, the percentage …
Last week, the President’s debt commission held its kick-off meeting. The National Commission on Fiscal Responsibility and Reform, a group of 18 lawmakers and policy experts, has been tasked with proposing a solution to the mounting financial crisis facing the United States government. As we show in our 2010 Budget …
The United States has the second highest corporate tax rate of any of the 30 countries in the Organization for Economic Cooperation and Development (OECD) – a collection of the most economically developed countries in the world. The federal rate is 35 percent. Add on the average state corporate income …
With all the damaging bills coming out of Congress today, and promises of more to come, it is easy to lose sight of necessary positive policy changes that Congress should be making to improve the tax code and increase economic growth. Representatives Jim Jordan (R-OH) and Jason Chaffetz (R-UT) look …
Marty Sullivan, a frequent commentator on tax policy, has now apparently decided the United States needs a value-added tax (VAT). To advance the cause, he penned a brief column on “VAT Lessons from Canada” [“VAT Lessons From Canada”, Martin A. Sullivan, Tax Notes, May 3, 2010.] However, in trying to …
The president’s debt commission had its first meeting this week, and all of the talk was of getting serious about putting our fiscal house in order, with everything “on the table” for consideration. There’s no arguing with the need to get serious. According to the Congressional Budget Office (CBO), if …
The President’s deficit commission met yesterday to begin its task to address the mounting fiscal crisis facing the nation. As we show in our 2010 Budget Chart Book, the estimated federal deficit in 2010 will be $1.54 trillion, and spending on entitlement programs (Medicare, Medicaid, and Social Security) and interest …
Today President Barack Obama’s National Commission on Fiscal Responsibility and Reform will convene for the first time at the White House. Tasked with making recommendations to Congress that would put the budget in primary balance by 2015 and “meaningfully improve” our nation’s long-term fiscal outlook, the commission meets a little …
