As many have stressed, one piece of the President’s budget that could actually get somewhere–not anytime soon, but someday–is the proposal to expand the part of the EITC that goes to childless adults. Here’s a bit of 411 on that idea over at the NYT Economix blog, with a pretty illuminating graph IMHO.
It’s of course tempting to decry the President’s budget as “dead on arrival” but I wouldn’t be nearly so quick to go there. To dismiss its content because it’s not going to become the nation’s budget is painting with far too broad a stroke. Here are a number of ways that some of the ideas… Read more
It’s President’s budget day in here in the nation’s capital and while I believe there’s a lot to be said about what’s coming in the budget proposal for fiscal year 2015, I’ll grant that Lori Montgomery makes some good points in her piece entitled: “Five reasons Obama’s budget matters even less than usual this year.”… Read more
All of the sudden there’s a spate of pieces casting a jaundiced eye in the direction of those pristine nerds over at the Congressional Budget Office: –Dean Baker riffs off of a Zach Karabell piece enumerating big mistakes the agency has made in the past and how they’ve constrained policy advances. –Floyd Norris makes a… Read more
Dave Camp (R-MI) is the top R tax writer in the House, and he’s got a big new tax reform plan out today. It has a political problem as in it’s not going anywhere anytime soon. But it’s worth learning more about and includes some venerable ideas. Where it goes wrong, as you’ll see, is… Read more