Gleckman takes a closer look at a new analysis of tax reform by the Joint Committee on Taxation. His perspective may offer some relief to tax reformers.
President Obama and Mitt Romney offer sharply different views on how to get the nation back on a sustainable fiscal path. Here are five ways they differ on policies to cope with a soaring debt.
In last night’s acceptance speech, Mitt Romney sketched out his personal biography and delivered an effective brief on why we shouldn’t reelect President Obama. But, oddly, when it came to taxes he was nearly silent.
Romney tax plan avoids several key Simpson-Bowles proposals that would raise taxes overall and reduce the deficit. Instead, Romney tax plan relies solely on mostly unspecified spending cuts to trim deficit.
Once again, Washington's bipartisan, blue-ribbon, out-of-power elite gathers to urge Congress to break the gridlock and do the right thing on the nation's looming financial Armageddon.
Congress knows what it means by terms such as 'fiscal cliff' or 'Simpson-Bowles,' but to many outside the Beltway they may as well be speaking Greek. Here's a translation of Washington's shorthand for budgetary issues now before the country – with each entry explained in 50 words or less.
Suddenly, the tough budget reform proposed by Alan Simpson and Erskine Bowles is getting a second look. Oh, politicians don’t love the real plan, but they are positively enamored of their own self-edited, stripped-down versions.
President Obama got big headlines – and a political bounce – from his new policy protecting some young illegal immigrants from deportation and offering them temporary work permits. By a 2-to-1 margin, likely American voters support the move, according to a Bloomberg poll. So what other potential gambits does Mr. Obama have in his hip pocket, especially if he needs another jolt before Election Day? Here are four.