Statement in Response to the U.S. Senate Vote on the Conrad-Gregg Amendment
The Peter G. Peterson Foundation issues a statement in response to the U.S. Senate vote on the Conrad-Gregg amendment.
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The Peter G. Peterson Foundation issues a statement in response to the U.S. Senate vote on the Conrad-Gregg amendment.
"Passing a bill to our kids is not the right way to pass a bill. This legislation is an example of fiscal irresponsibility," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/11/peterson-foundation-statement-on-house-tax-bill
We are deeply saddened by the loss of our Founder and Chairman, Peter G. Peterson, who worked tirelessly to secure the American Dream for future generations.
Washington is debating tax reform. There’s talk of substantial tax cuts that would give trillions of dollars back to American taxpayers. That might sound great to some. But if Congress doesn’t find a way to pay for those tax cuts, future generations will be stuck with the bill.
The report projects that in 2018 — for the first time since 1982 — the program’s total costs will exceed its total income.
The Congressional Budget Office released its 2015 Long-Term Fiscal Outlook, which projects that by 2040, federal debt will climb to over 100 percent of GDP under current law and could reach 175 percent of GDP under less optimistic assumptions.
Summer 2011 PGPF Fiscal Internship Program in Washington DC
https://www.pgpf.org/content/summer-2011-pgpf-fiscal-internship-program-in-washington-dc
While the recession has technically ended, our economy is still suffering and far from completely recovered.
While there is disagreement on specific remedies, there is broad consensus that our current tax code is broken.
https://www.pgpf.org/analysis/2013-fall-fiscal-agenda-%E2%80%94-tax-reform
Michael A. Peterson, President & COO of PGPF, commented today following the appointment of Dr. Keith Hall to serve as Director of the Congressional Budget Office, succeeding Douglas Elmendorf.