America faces the dynamic combination of an evolving economy, a crowded legislative agenda, and an unsustainable fiscal outlook. As Congress and a new administration explore major changes in key areas — healthcare, taxes, infrastructure, trade, and more — our fiscal condition remains as important as ever.
With many reforms on the table, one issue impacts all the others: our unsustainable national debt. America’s fiscal outlook is connected to all these issues because our growing debt threatens our economy and weakens our ability to address our most important budget priorities.
All of the major reform proposals will impact, and are impacted by, the national debt. Given that 70 percent of the spending growth in our major entitlement programs is for healthcare, addressing the U.S. healthcare system is essential to improving our fiscal outlook. Tax reform can have a significant and direct effect on our fiscal path — making it far better, or far worse. If there is agreement that we need to address our infrastructure, how will we find the resources to pay for it — now and in the future — if we allow debt and interest costs to grow? How will America’s workforce meet the challenges and opportunities presented by globalization if the national debt harms economic growth and America’s leadership role in the world?
The 2017 Fiscal Summit will convene leading voices and policymakers from across the political spectrum to discuss the legislative agenda, its connection to our growing national debt, and solutions to put us on a better path. The Summit will discuss the significant fiscal implications of current reform proposals, and examine the opportunities that exist to ensure policy solutions are sustainable, fiscally responsible, and supportive of economic growth.