August 28, 2014

Fiscal 2015 Spending Bills Struggle Out of The Gate

Senators Battle Over $3 Billion 'Gimmick,' Then Back $85 Billion Tax Extenders Package
May 23, 2014
Market News International (MNI)

Excerpt

Bob Bixby, executive director of The Concord Coalition, said budget action this week underscores many of the current weaknesses of American fiscal policy, especially the intense congressional focus on cutting the relatively small discretionary budget while ignoring reforms of the tax code and entitlement programs. "This incident shows how dysfunctional our budget process has become. Congress is spending long hours haggling over the discretionary budget, which is not where our fiscal problem is, while ignoring those areas where the real money is: taxes and entitlements," he said.