Latest
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December Legislation Could Bring Back Trillion-Dollar Deficits
Read moreCongress has a lot on its plate this holiday season. Sadly, they seem far more focused on legislation to increase our post-war record-high national...
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JCT Score Shows Tax Bill Would Cost $1 Trillion After Economic Growth
Read moreFor Immediate Release The Joint Committee on Taxation (JCT) released its dynamic score of the Senate Finance Committee-passed Tax Cuts and Jobs Act...
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Official Dynamic Score Shows Senate Tax Bill Will Still Cost Over $1 Trillion
Read moreThe Joint Committee on Taxation (JCT) has released its official dynamic score of the Senate tax plan as passed by the Senate Finance Committee...
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Alan Simpson and Erskine Bowles: A Moment of Truth for our Country’s Financial Future
Read moreAlan Simpson is a former Republican senator from Wyoming. Erskine Bowles served as chief of staff to President Bill Clinton from 1997 to 1998. They co...
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Five Ways to Improve the Senate Tax Bill
Read moreThe current Senate version of the Tax Cuts and Jobs Act (TCJA) would add too much to the debt, but several improvements could make the bill both more...
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Can Tax Reform Generate 0.4% Additional Growth?
Read moreWell-crafted tax reform would improve economic growth. While pro-growth tax reform can generate some revenue to the Treasury from the added growth, as...
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The Senate Should Not Vote on Tax Reform Without a Dynamic Score
Read moreIn the coming weeks, the Senate is expected to vote on its version of the Tax Cuts and Jobs Act, which the Joint Committee on Taxation (JCT) has...
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Congress Should Offset Cost of Any Sequester Agreement
Read moreFor Immediate Release Press reports suggest Congress and the administration are nearing a sequester relief agreement to increase defense and non...
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Disaster Relief Deserves Offsets
Read moreFor Immediate Release Last week, the Trump Administration requested $44 billion of disaster relief funding, on top of roughly $50 billion of disaster...
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Gene Steuerle: A Debt Straightjacket or a Misdiagnosed Disease?
Read moreNoting rising public and private debt across the developed world, International Economy magazine asked a group of economists, including me, “Has the...
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Tax Policy Center Dynamically Scores House Tax Bill
Read moreThe Tax Policy Center (TPC) today released a new dynamic analysis of the House-passed Tax Cuts and Jobs Act (TCJA), adding more proof that tax cuts...
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Comparing the Latest House and Senate Tax Bills by Provision
Read moreIn broad fiscal terms, the House and Senate tax bills are very similar. Both plans would cost more than $1.4 trillion over ten years on paper while...