Yellen: Rising National Debt Limits Our Ability to Respond to Future Downturns
In her final press conference as chair of the Federation ederal Reserve, Janet Yellen said that she was “personally concerned about the U.S. debt situation.”
Read MoreTax Modeling and Tax Reform: Why It’s Important
The budgetary and economic effects of proposed tax legislation are a critical element of the debate.
Read MorePoll: Voters Say that Tax Reform Shouldn’t Grow the Debt
An overwhelming majority of Americans (85%) agree that any changes to the tax laws should not add to the growing national debt.
Read MoreWhat the Interest on Deficit-Funded Tax Legislation Would Cost
The total cost of the Tax Cuts and Job Act is estimated to be $1.7 trillion between 2018 and 2027.
Read MoreHouse Tax Bill Adds $1.7 Trillion to Deficits When You Include Interest
The bill as written would move up the date we return to trillion dollar deficits by two years, to 2020.
Read MoreFederal Budget Deficits Rising — Even Before Tax Cuts
The federal budget deficit rose to $666 billion for fiscal year 2017 — an increase of around $80 billion from the previous year.
Read MoreFive Charts to Help You Better Understand Individual Tax Reform
Lawmakers unveiled a tax overhaul framework recently, outlining a number of changes to individual and corporate taxes.
Read MoreFive Charts to Help You Better Understand Corporate Tax Reform
Lawmakers have unveiled a tax overhaul framework, outlining a number of changes to individual and corporate taxes.
Read MoreWhat’s the Difference Between a Government Shutdown and the Debt Limit?
A government shutdown is costly, but failing to raise the debt limit could have more severe and lasting consequences.
Read MoreKey Principles to Achieve Tax Reform That Grows the Economy, Not the National Debt
Eight principles that outline the central components of fiscally responsible tax reform.
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