On deficits, Jim Horney, director of federal fiscal policy, questioned whether the President’s budget commission was veering off track as it examined debt measures, and Paul Van de Water, senior fellow, was the next expert featured in our Q & A series on health reform and the deficit.
Chuck Marr, director of federal tax policy, explained why Congress shouldn’t be persuaded by the private equity industry to keep a tax break for carried interest when the nation is facing huge deficits. At the state level, Jon Shure, deputy director of state fiscal policy, commented on New Jersey Governor Christie’s proposal to limit yearly property tax revenue growth to 2.5 percent. Shure explained why limits like this are ill-advised, especially when states are facing budget shortfalls.
Lastly, Will Fischer, senior housing policy analyst, explained why the President’s proposal to preserve public housing is realistic and should move forward (the House began discussing it this week).