Tax Reform | Citizens Against Government Waste
The WasteWatcher: The Staff Blog of Citizens Against Government Waste

Tax Reform

RSC Budget Provides Only Clear Path Toward Fiscal Responsibility

The national debt stands at more than $22 trillion, with trillion-dollar deficits right around the corner.  Entitlement spending continues to rise and is projected to make up 60 percent of spending for Fiscal Year (FY) 2020.  Social Security will exceed its income in 2020 for the first time since 1982 and Medicare is set to become insolvent by out in 2026. 

How Tax Reform 2.0 Could Impact Savings

The Tax Cuts and Jobs Act (TCJA), the tax bill passed in Congress last year, represents the most substantial change to the nation’s tax code in a generation. This change has greatly benefited the U.S. economy as American businesses have become more competitive globally while American workers have seen an increase in their wages.

CBO Projects Strong Economic Growth in 2018 and 2019; Trillion Dollar Deficits By 2020

Today, the Congressional Budget Office (CBO) released its annual Budget and Economic Outlook for 2018 to 2028.  In order to include several important pieces of budget and spending legislation that passed recently, particularly the Tax Cuts and Jobs Act, the Bipartisan Budget Act, and the Omnibus Appropriations package, CBO pushed its usual January release date to April.

Are Republicans Serious About a Balanced Budget Amendment?

In 2018, Republicans have done little to separate themselves from Democrats when it comes to spending taxpayer dollars.  On February 9, the Bipartisan Budget Act of 2018 eviscerated the last semblance of fiscal responsibility in Washington, the 2011 Budget Control Act, by allowing spending caps to increase by $300 billion over the next two years.  As a follow up on March 23, with less than 24 hours of review, Congress blindly

Sign Up for Email Updates!Click Here!

View Archives

Posts by Author

Posts by Tag

Big Government (152) Obamacare (84) Congress (78) Waste (74) Healthcare (74) Budget (72) Uncategorized (56) Telecommunications (50) Internet (49) Debt (47) Technology (46) Deficit (44)