George Washington Crossing the Delaware - An oval, 1908 chromolitho reproduction of Emanuel Leutze's painting (1851) of Washington's December 26, 1776 surprise crossing in the Battle of Trenton

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Future U.S. economic growth, living standards and even national security will depend upon the American public pushing for fundamental reforms in the federal budget -- and on elected leaders following through. “So far we have all been faltering,” says Chase…


Introduction The Highway Trust Fund provides the financing structure for federal investment in transportation projects. It consists of two accounts: the highway account, which supports projects for the interstate system and other roads, and the transit account, which supports light…


In the latest Fiscal Fridays interview, Republican front-runner Donald Trump said that as president he would cut taxes on businesses and the middle class, maintain current Social Security and Medicare benefits, and yet still balance the federal budget in short…


As we head into Fiscal Year 2016, Congress has yet to pass appropriations bills for the full year. A Continuing Resolution approved by Congress and the President will fund the government through December 11, 2015. The possibility of a government…


In a 6-3 decision, the Supreme Court last week ruled that the Affordable Care Act (ACA) allows government subsidies for individuals who purchase health insurance on federal exchanges in states that don’t set up their own exchanges. Opponents of the…


The House of Representatives is expected to approve a new rule requiring the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) to incorporate the estimated macroeconomic effects of major legislation into their official scores. This process, often…


After a larger deal fell apart, the House recently voted 378-46 to approve a one-year extension of more than 50 lapsed tax breaks for businesses and other special interests -- unfortunately, without paying for them. The Joint Committee on Taxation…


The next Congress will face difficult budget issues, ranging from the pending insolvency of the trust fund for Social Security disability insurance to proposals to overhaul the inefficient tax code. Yet many candidates for federal office this year -- Democrats, Republicans, incumbents…


The House Ways and Means Committee and Senate Finance Committee approved similar plans last week to transfer $10 billion to the Highway Trust Fund so it can continue making payments to states through next May. Unfortunately, both plans rely on…


The Congressional Budget Office (CBO) today released new long-term projections that underscore the need for Washington to move beyond excessive partisanship and budget gimmickry to pursue the broad fiscal reforms necessary to meet the nation’s fiscal and demographic challenges.“There are…


Concord Coalition Executive Director Robert L. Bixby told a House subcommittee last week that switching to a two-year budget cycle would make time for better congressional oversight, improve long-term planning and help lawmakers focus on broad fiscal reforms.The testimony came…


President Obama and Congress may have put fiscal sustainability on the back burner, but the Government Accountability Office (GAO) has not. In its annual update of the federal government’s long-term fiscal outlook, released last week, GAO warns: (more…)

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