Welcome Back, Congress
As Congress returns from its August recess, lawmakers face a to-do list filled with important fiscal deadlines.
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As Congress returns from its August recess, lawmakers face a to-do list filled with important fiscal deadlines.
Reconciliation is a powerful process, whereby legislation drafted to meet those instructions has an easier path to passage.
These charts illustrate some of the biggest fiscal policy stories from 2017.
https://www.pgpf.org/blog/2017/12/ten-charts-that-sum-up-this-year-in-fiscal-news
As America’s debt surpasses $20 trillion and lawmakers debate policies that will shape the country’s fiscal future, students on nearly 300 campuses across the country will mobilize as part of the Up to Us “Year of Action.”
The federal budget deficit rose to $666 billion for fiscal year 2017 — an increase of around $80 billion from the previous year.
https://www.pgpf.org/blog/2017/10/federal-budget-deficits-rising-even-before-tax-cuts
Reform that eliminates virtually all tax expenditures allows for rates to be lowered significantly.
The student team from Jackson State University has won the fifth annual Up to Us Campus Competition, which empowers students across the country to raise awareness and engagement on America’s fiscal challenges.
The total cost of the Tax Cuts and Job Act is estimated to be $1.7 trillion between 2018 and 2027.
https://www.pgpf.org/blog/2017/11/what-the-interest-on-deficit-funded-tax-legislation-would-cost
Even in a highly polarized political landscape, there is broad congressional support for reforming the U.S. tax code.
https://www.pgpf.org/what-we-are-doing/fiscal-summit/2017-fiscal-summit/the-tax-reform-opportunity
CNN chief political correspondent Dana Bash conducted one-on-one interviews with three leading voices in Congress: Senator John S. McCain (R-AZ), Senator Mark Warner (D-VA), and House Democratic Leader Nancy Pelosi (D-CA).