The budget plan put forth by Sen. Patty Murray promotes job creation, fosters the economic recovery, makes critical investments that lay the foundation for economic growth, and responsibly reduces the budget deficit.
Despite overblown claims of balancing the budget in 10 years, Rep. Ryan’s budget in actuality increases the deficit and debt.
The American people have soundly rejected the elements central to Rep. Paul Ryan’s latest House GOP budget, yet he insists on trotting out the same stale ideas.
Most of the projected massive run up in debt over the next quarter century is actually driven by the assumption that future Congresses will enact huge new deficit-increasing tax cuts and spending hikes, not by the growth in entitlement spending.
The horrifying list of budget cuts seems inevitable. Republicans want spending cuts, and Democrats want revenue increases. But they can get both by getting rid of hidden spending programs.
Data from the last 40 years show that when tax revenue was higher, budget deficits were smaller.
Conseratives in Congress support a measure to limit federal spending at 18 percent of gross domestic product. The last time federal spending dipped under 18 percent was 1966, nearly half a century ago. Things have changed quite a bit since then.
Issue Brief As we continue to combat rising economic inequality, high-quality early childhood investments will help all children realize their full potential and provide enormous long-term benefits to society.
The Congressional Budget Office’s most recent budget projections show that the United States has made astounding progress toward reducing the federal budget deficit.
The Family and Medical Leave Act has greatly benefited many U.S. workers since it became law in 1993. On its 20th anniversary, it’s time to take additional steps so that the act can benefit all U.S. workers.
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.
Three-quarters of the $2.4 trillion in deficit reduction already enacted since the start of fiscal year 2011 has been spending cuts.
After 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.
House 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.
The 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.