Fiscal Cliff
Latest
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Lieberman and Collins Stand Up for Fiscal Responsibility
Yesterday the Senate voted on two highly polarized tax plans, with a Democratic version passing 51-48 while the Republican supported bill failing to...
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Bernanke Once Again Warns Congress on the Fiscal Cliff
Federal Reserve Chairman Ben Bernanke addressed Senate Finance Committee on Tuesday and the House Finance Committee yesterday with more warnings about...
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CRFB Dives Deeper Into the Fiscal Cliff
After the report we released in March, the topic of the fiscal cliff has risen in prominence as CBO and others have attempted to estimate the size of...
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How Does the Fiscal Cliff Compare to Past Deficit Reduction in the U.S.?
In evaluating the fiscal cliff, it is interesting to see how it compares to past cases where the federal government has rapidly reduced deficits. The...
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Bill Frenzel: The Fiscal Cliff--A Hard Landing Becomes More Likely
Today on the Brookings Institution website, CRFB co-chair and former Congressman Bill Frenzel (R-MN) wrote an op-ed about the looming fiscal cliff. In...
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Bowles and Simpson Announce Campaign to Fix the Debt on CNBC's Squawkbox
Erskine Bowles and Alan Simpson appeared alongside Warren Buffett on CNBC's Squawk Box this morning, discussing the need for Congress to pass a...
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University Presidents Call for Balanced and Smart Deficit Reduction
The defense portion of the sequester that will hit on January 2 of next year has garnered a lot of attention, but it is not the only part of the...
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President Obama Looks to Extend the Tax Cuts
In a press release today, CRFB examines President Obama's announcement that he will push Congress for one year extension of the 2001/2003/2010 tax...
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Parties Discuss Sequester Working Groups
A few members of Congress are now proposing House-Senate working groups to try and negotiate a compromise that would avoid the squester. From The Hill...
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The OECD Recommends a "Go Smart" Approach
This week the OECD released its biennial Economic Surveys on the United States, with the organization's economic recommendations for policymakers. The...
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Administration May Get Even More Difficult for the IRS
It's no secret that Congress hasn't been making the IRS's life very easy. In a time of discretionary spending caps, they are looking to reduce the...
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So, You Want to Pay For a $70 Billion Spending Increase With a $200 Billion Tax Cut?
According to CNN, the White House has floated a plan to deal with the fiscal cliff, one which would turn off a few provisions temporarily. Their plan...