CAP en Español
Small CAP Banner

Federal Deficit

We’ve Made Remarkable Progress Toward Reducing the Deficit

U.S. CapitolThe Congressional Budget Office’s most recent budget projections show that the United States has made astounding progress toward reducing the federal budget deficit.

By Michael Linden | Tuesday, February 5, 2013

Budget Cuts Set Funding Path to Historic Lows

U.S. Supreme Court article icon Issue Brief Spending on a raft of key federal programs from airport security to health care research under the “non-defense discretionary” budget banner will dip to all-time lows under the Budget Control Act.

By Michael Linden | Tuesday, January 29, 2013

Loopholes in the Estate Tax Show Why Revenue Must Be on the Table

Donald Trump and Ivanka TrumpBefore Congress sacrifices needed public investments or puts programs that serve middle-class families at risk in the name of deficit reduction, it should ensure that the estate tax is actually paid by the few wealthy estates still subject to it.

By Seth Hanlon and Sarah Ayres | Thursday, January 24, 2013

Next Round of Deficit Reduction Must Tackle Hidden Spending in the Tax Code

Sen. Carl Levin article icon Issue Brief Reducing or reforming certain tax breaks for high-income individuals and corporations could raise $1 trillion in revenue over 10 years.

By Seth Hanlon | Tuesday, January 22, 2013

House Republicans Still Haven’t Learned Lessons from Their 1995 Government Shutdown

Closure sign at the Lincoln Memorial due to government shutdownFacing three potential fiscal crises in the next 10 weeks, House Republicans and the president would do well to look back at the 1995 government shutdown for compromise ideas and lessons learned.

By Scott Lilly | Thursday, January 17, 2013

The Deficit Reduction We Have Achieved So Far

President Obama fiscal cliff speechThree-quarters of the $2.4 trillion in deficit reduction already enacted since the start of fiscal year 2011 has been spending cuts.

By Michael Linden and Michael Ettlinger | Tuesday, January 8, 2013

Revenue from the Fiscal Cliff Deal in Context

President Barack Obama and Vice President Joe BidenAfter a decade of repeated tax cuts, the increase in revenue achieved in the legislation to avoid the so-called fiscal cliff is a step in the right direction, but it won’t be enough.

By Michael Linden and Michael Ettlinger | Thursday, January 3, 2013

Cliff Diving

John BoehnerCongressional Republicans’ unwillingness to let the Bush tax cuts for the wealthy expire is irresponsible and will prove harmful to our economic future.

By Michael Ettlinger | Monday, December 31, 2012

Plan B: Job Losses, Middle-Class Tax Increases, and Trivial Deficit Reduction

John BoehnerHouse Speaker John Boehner’s plan lacks seriousness and is an attempt to divert attention from an unwillingness to adopt a balanced approach that all serious people recognize as a necessity.

By Michael Linden and Michael Ettlinger | Wednesday, December 19, 2012

5 Reasons Faith Communities Care About the Fiscal Showdown

Catholic Charities NYSEThe faithful are standing alongside their fellow citizens to remind our elected officials that society’s most vulnerable—the hungry, the elderly, the poor, the sick, and the needy—should be reflected in and protected by our national policies.

By Jack Jenkins | Wednesday, December 19, 2012

President Obama’s Latest Proposal Largely Mirrors the Bipartisan Simpson-Bowles Plan

President Obama and Speaker of the House BoehnerThe president is trying to find a middle ground on both revenue and spending cuts, and only the most ideologically blinded lawmakers would reject his latest proposal to resolve the fiscal showdown.

By Michael Linden | Wednesday, December 19, 2012

Congress Should Extend Emergency Unemployment Benefits Now

President Obama and Speaker of the House John BoehnerIf Congress fails to extend emergency unemployment benefits, the U.S. economy will create 300,000 fewer jobs next year and three in four unemployed Americans will receive no benefits.

By Sarah Ayres | Monday, December 17, 2012

The ‘Debt Limit’: Time to End 95 Years of False Labeling

John Boehner, Eric Cantor, and Paul RyanWhat we now call “debt limit legislation” should be called “deadbeat legislation.”

By Scott Lilly | Thursday, December 13, 2012

$100 Billion in Politically Feasible Defense Cuts for a Budget Deal

Defense Secretary Leon Panetta article icon Issue Brief If carried out correctly, a well-managed defense drawdown can return the Pentagon’s budget to more sustainable levels without harming our national security or our economic recovery.

By Lawrence J. Korb, Alex Rothman, and Max Hoffman | Thursday, December 6, 2012

7 Ways that Looming Budget Cuts to Public Lands and Oceans Will Affect All Americans

A wildlands firefighter stands in front of a wildfire article icon Issue Brief Sequestration will inflict massive cuts on programs that protect our public lands and oceans—cuts that will impact all of us in a variety of ways.

By Jessica Goad, Michael Conathan, and Christy Goldfuss | Thursday, December 6, 2012