STATEMENT: Fiscal Commission "Ignores Real Needs of American Families; Would Ensure Our Greatest Days Are Behind Us"
Washington, DC — The need for our nation to rebuild the middle class-the real engine of our economy-was completely overlooked in the new job-killing recommendations from the National Commission on Fiscal Responsibility and Reform earlier today. Tamara Draut, Vice President of Policy and...
Putting our nation on a path of broad prosperity will require generating new jobs, investing in key areas, modernizing and restoring our revenue base, and greatly increasing the cost efficiency of the health care system. Achieving these goals, however, will require an informed and engaged public to...
Washington DC — On December 1, Pres. Obama's bipartisan National Commission on Fiscal Responsibility and Reform will release its much discussed final report on federal budget priorities. The report, as previewed in the mark-up published by commission co-chairs Erskine Bowles and Alan Simpson two...
Left out of the debate about the U.S. deficit and debt is the role that tax policy has played in reducing the amount of revenue available to fund national needs and plan for our nation’s long-term future As a result of changes to the tax code in the last decade, tax rates in the United States are...
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In the last thirty years, our nation has experienced a paradox of productivity and progress. Productivity, driven by extraordinary growth in technology and an increased push towards consumption, has nearly tripled. Meanwhile social, environmental, and educational progress has stalled. Panic over...
STABILIZING THE DEBT: SHORT, MEDIUM, AND LONG TERM POLICY SHORT-TERM Sending the economy back into recession would be the worst thing we could do for our fiscal outlook. To ensure that our country returns to the level of sustainable economic growth necessary to successfully tackle our fiscal...
The facts are clear: the Bush tax cuts, the wars in Afghanistan and Iraq, and the economic downturn are responsible for nearly all of the budget deficit over the next ten years.