FISCAL BLOG

Proposed work requirements would be a major change in the way that Medicaid works, and would have important implications for the program, its beneficiaries, and the federal budget.

Spending on children is shrinking as a percent of GDP.

What is the Children’s Health Insurance Program? How it is financed? Who benefits from it?

These charts illustrate some of the biggest fiscal policy stories from 2017.

Congress has a proven track record of extending tax provisions without paying for them.

Piling on more debt can harm our economy by crowding out private investment, reducing our fiscal flexibility, increasing the risk of a sharp jump in interest rates, and lowering confidence and certainty.

Several independent organizations have analyzed the budgetary effects of the current tax reform proposals, and they are unanimous in projecting that the legislation would add substantially to our national debt.

In her final press conference as chair of the Federal Reserve, Janet Yellen said that she was “personally concerned about the U.S. debt situation” and how it may limit the government’s ability to respond to future recessions.

Independent analyses agree unanimously that either bill would add significantly to the growing national debt.

The total cost of the Tax Cuts and Job Act is estimated to be $1.7 trillion between 2018 and 2027.