Reports by Joel Friedman
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Results by year: 2013 | 2012 | 2008 | 2006
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President Obama’s Deficit-Reduction Package and Other Proposals in the 2014 Budget
April 11, 2013
The President’s 2014 budget is presented in two parts. One part includes the package of deficit- reduction policies that the President included in his last offer to Speaker Boehner during the “fiscal cliff” negotiations in December 2012. This package would reduce the deficit by $1.8 trillion over the next decade … -
Commentary: Why Balancing the Budget by the End of the Decade Is Not the Right Goal
March 20, 2013
As the House and Senate consider their respective budget resolutions this week, a key point of debate will be whether balancing the budget over the decade is an essential goal. We don’t think it is. We agree with Alice Rivlin, a former director of both the Congressional Budget … -
Commentary: Senate Republican Proposal Fails to Address Key Sequestration Problems
February 28, 2013
A measure from Senators James Inhofe (R-OK) and Patrick Toomey (R-PA), which the Senate is expected to consider today, is presented by supporters as giving the President the needed flexibility to address the impending $85 billion in across-the-board spending cuts (“sequestration”), enabling him to cut some programs more and some … -
Economic Downturn and Legacy of Bush Policies Continue to Drive Large Deficits
Updated February 28, 2013
Federal deficits and debt have been sharply higher under President Obama, but the evidence continues to show that the Great Recession, President Bush’s tax cuts, and the wars in Afghanistan and Iraq explain most of the deficits that have occurred on Obama’s watch — based on the latest Congressional Budget Office projections … -
Tax Expenditure Reform: An Essential Ingredient of Needed Deficit Reduction
February 27, 2013
The revenue raised as part of January’s American Tax Relief Act (ATRA) came primarily as a result of raising tax rates on high-income households. Yet throughout the negotiations around avoiding the fiscal cliff last year, both President Obama and Speaker Boehner called for raising revenue through limiting tax deductions, exclusions, and other tax breaks … -
Commentary: A Look at the New Simpson-Bowles Plan
February 22, 2013
The new deficit-reduction plan that Alan Simpson and Erskine Bowles issued this week calls for $2.4 trillion of additional deficit reduction over the next ten years (through 2023), with roughly $2.1 trillion in policy changes and about $300 billion in resulting interest savings.[1] Of the policy savings, about $700 billion would come … -
$1.5 Trillion in Deficit Savings Would Stabilize the Debt Over the Coming Decade
February 11, 2013
Policymakers could stabilize the public debt over the coming decade with $1.5 trillion in additional deficit savings, according to the Center’s updated calculations, which are based on the new budget projections that the Congressional Budget Office (CBO) released this week. Policymakers could achieve these savings with $1.3 … -
The Fiscal and Economic Risks of Territorial Taxation
January 31, 2013
Many policymakers say they want to reform the U.S. system of taxing multinational corporations so that it better promotes growth and helps reduce budget deficits. Unfortunately, one proposal that has received significant attention would take the tax code in an ill-advised direction, creating serious economic and fiscal risks. …
