Federal Deficit

Latest

Cliff Diving Article
Speaker of the House John Boehner (R-OH) walks to a closed-door GOP caucus as Congress meets to negotiate a legislative path to avoid the so-called fiscal cliff of automatic tax increases and deep spending cuts that could kick in January 1, at the Capitol in Washington, Sunday, December 30, 2012. (AP/J. Scott Applewhite)

Cliff Diving

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

Michael Ettlinger

Plan B: Job Losses, Middle-Class Tax Increases, and Trivial Deficit Reduction Article
House Speaker John Boehner (R-OH) pauses during a news conference on Capitol Hill in Washington, Tuesday, October 8, 2013. (AP/J. Scott Applewhite)

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

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.

Michael Linden, Michael Ettlinger

5 Reasons Faith Communities Care About the Fiscal Showdown Article
Archbishop of New York Timothy M. Dolan, center, rings the opening bell at the New York Stock Exchange on Monday, October 17, 2011, in New York. A Catholic Charities press statement said Dolan met with

5 Reasons Faith Communities Care About the Fiscal Showdown

The 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.

Jack Jenkins

Reforming Our Tax System, Reducing Our Deficit Report
In order to secure our fiscal future and achieve meaningful deficit reduction over the next 10 years, we need a plan that combines progressive, revenue-enhancing tax reform with pragmatic spending cuts that do not undermine the middle class, the poor, or seniors. (AP/J. Scott Applewhite)

Reforming Our Tax System, Reducing Our Deficit

In order to secure our fiscal future and achieve meaningful deficit reduction over the next 10 years, we need a plan that combines progressive, revenue-enhancing tax reform with pragmatic spending cuts that do not undermine the middle class, the poor, or seniors.

Roger Altman, William Daley, John Podesta, 8 More Robert Rubin, Leslie Samuels, Lawrence H. Summers, Neera Tanden, Antonio Weiss, Michael Ettlinger, Seth Hanlon, Michael Linden

Video: Where Did the Debt Come From? Video

Video: Where Did the Debt Come From?

Michael Linden, CAP's Director of Tax and Budget Policy, looks at what happened in the 10 years since the Congressional Budget Office projected a massive surplus.

Michael Linden

Show More