Statement in Response to the U.S. Senate Vote on the Conrad-Gregg Amendment
Statement in Response to the U.S. Senate Vote on the Conrad-Gregg Amendment
Statement by David M. Walker:
“It is a great disappointment that the Senate did not act in the best interests of the American people and take this opportunity to create a statutory commission to address our growing fiscal challenge. Now that the Congress has failed to act, the President should move to establish a commission by Presidential Order and the Congress should take steps to ensure that the commission’s recommendations will be voted on.”
“A special commission is needed to cut through the partisan gridlock and ideological divide so that we can begin to put the federal government’s finances in order. The time to act is now.”
About PGPF
PGPF is dedicated to increasing public awareness of the nature and urgency of key economic challenges threatening America’s future and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. For more information, see www.PGPF.org.
Further Reading
What Are Excise Taxes and How Do They Affect the Federal Budget?
Excise taxes are levied on specific goods or services. The largest excise taxes on the federal level are related to highways, aviation, tobacco, and alcohol.
The United States Spends More on Defense than the Next 6 Countries Combined
Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world.
Budget Basics: What Is the Earned Income Tax Credit?
The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.