Statement from Michael A. Peterson on the Cooper-LaTourette Amendment
“Representatives Cooper and LaTourette have displayed courage and leadership by putting party ideology aside and working together to foster a bipartisan approach to our long-term fiscal challenges.
“In an era of divided government, the only viable fiscal plan is a bipartisan fiscal plan. The House Republican Budget and the Administration Budget reflect the priorities of their own parties, but to address this critical national imperative successfully, both parties will need to make concessions from their preferred positions.
“The Cooper-LaTourette amendment illustrates the types of choices that must be considered if we are going to get our fiscal house in order. Though this first vote was unsuccessful, Representatives Cooper and LaTourette and their supporters have demonstrated a constructive model of the type of bipartisan legislative framework that is necessary to solve our nation’s fiscal challenges.”
Further Reading
The Debt Ceiling Will Be Reinstated on January 1 — Here’s What’s at Stake
One of the first, and most consequential, decisions facing newly elected lawmakers will be what to do with the debt ceiling.
How Does Student Debt Affect the Economy?
As overall student debt has grown over the past decade, it is apparent that such borrowing can place a financial burden on households.
How Does the Federal Government Subsidize Healthcare Under the ACA — and What Does It Cost?
In 2025, the expansions of the premium tax credit under the Affordable Care Act will expire, and lawmakers will have to decide whether to extend them.