Tag: federal deficit
Deliberately imperiling federal finances should not be an excuse to cut programs for older Americans. It was unsurprising to many when the Treasury announced in mid-October that the federal budget deficit rose 17 percent in Fiscal Year 2018. This increase reflected the tax cut and subsequent spending hikes enacted in the past year. Contrary to…
Lawmakers have many ways to get around their own rules on fiscal discipline. Tax issues are on the front burner this fall in Washington. In the past, tax reformers have often supported the notion of making any package “revenue neutral” by pairing cuts in tax rates with offsetting reductions in tax preferences to prevent increasing…