Increasing the amount of wages subject to Social Security payroll taxes from the current $118,500 cap would raise more revenue and improve the...

One of the most common myths about the national debt is that we can increase it without consequence. Some argue that because the United States borrows...

Candidates who propose tax reform plans that are revenue-neutral may suggest that the cost of tax rate reductions can be offset by closing egregious...

Some candidates may suggest that we can fix the debt simply by cutting welfare spending, but there is not enough spending in this category to...

A popular suggestion is that raising taxes only on high earners (for example, the top one percent – households that make above roughly $435,000...

Suggesting that the U.S. can grow our way out of debt – increasing economic growth to stabilize or shrink debt as a share of GDP – is a popular idea...

When asked how they will fix the debt, many candidates may point to seemingly painless solutions such as reducing fraud, ending earmarks, or cutting...

The next President will need to confront a number of budgetary challenges and will likely sign into law many federal tax and spending changes. But...

Some advocates of tax cuts have suggested such cuts will not lose revenue since they will spur economic growth and thus produce enough additional tax...

Many candidates will suggest some form of a balanced budget amendment (BBA). Even in the best case, such an amendment is a supplement rather than a...

Some policymakers and commentators have conflated calls for deficit reduction with calls for austerity. It is true that some countries have enacted...