by jpitney | Aug 25, 2021 | Budget, Congress, Economic Policy
Don Wolfensberger at The Hill: What is strange about this fiscal round is that it was not preceded by adoption of the usual concurrent resolution on the budget — the lead engine that pulls all subsequent budgetary actions on spending, revenues, deficit, and debt. The...
by jpitney | Aug 19, 2021 | Economic Policy
From CBO: The share of federal taxes paid by households in the highest quintile increased from 55 percent in 1979 to 70 percent in 2018. That group’s share of income before transfers and taxes also increased over the period but less than its share of federal taxes....
by jpitney | Aug 2, 2021 | Debt, Economic Policy
From the Congressional Budget Office: CBO projects a federal budget deficit of $3.0 trillion in 2021 as the economic disruption caused by the 2020–2021 coronavirus pandemic and the legislation enacted in response continue to boost the deficit (which was large by...
by jpitney | Mar 31, 2021 | Economic Policy, Immigration, Trade, Uncategorized
Kristin Kent Spanos and Nicholas Saliba at the George W. Bush Presidential Center: As governments, businesses, and think tanks review the efficiency and resiliency of North American supply chains—many impacted by COVID-19— The George W. Bush Institute-SMU Economic...
by jpitney | Mar 27, 2021 | Budget, Congress, Economic Policy, Presidency
On March 25, AEI and Claremont McKenna College’s Salvatori Center hosted a panel of experts to assess whether Congress can regain control over the nation’s finances and thus fortify representative government. After an introduction from AEI’s John C. Fortier, AEI’s...
by jpitney | Mar 14, 2021 | Debt, Economic Policy
From the Committee for a Responsible Federal Budget: Now that the American Rescue Plan Act has been signed into law, the federal deficit is on course to exceed $3 trillion this year, with debt reaching a new record as a share of the economy. In February,...
