The U.S. tax system is highly progressive. But if policymakers continue to double down on this progressivity while ignoring our nation’s debt, it could come at a cost to the American economy.
Several months into the current crisis, the case for reducing the payroll tax as a way to reboot the economy is nuanced at best.
When it comes to federal spending, it’s become Christmas all year.
New Hampshire Senator’s bill would impose caps and other common sense tools to bring spending under control.
Let’s not turn back the clock on progress that’s been made.
It is hard to find any serious economist who would argue that the federal government’s tax and spending policies make no difference to U.S. economic performance. Indeed, all across the political spectrum and throughout the leading schools of economic thought, a broad consensus exists that what governments do…
They are frustrated because formal revenue loss estimates used by Congress during the budget process ignore revenues recouped from the increase in economic activity which occurs as a result of the pro-growth tax cuts.
With the debt at historic levels, this respected budget expert argues that what the country needs is a bold and balanced plan to curb spending and get the economy back on track.