How the Fiscal Cliff Deal Cured Washington's Fuzzy Math Epidemic
January 03, 2013
As public policy, the fiscal cliff deal has few merits to recommend it. But it does have one positive political consequence that has mostly gone overlooked: It substantially narrows the gap between the policy commitments we have made and the way the budget process officially presents them. Americans can finally have a cleaner—if not necessarily more productive—debate over what to do. Understanding why is somewhat complicated, but worth the effort.
Soak the Middle Class! In Praise of Higher Taxes on Everybody
December 13, 2012
There’s a great fiscal debate in Washington, and George W. Bush is winning it. In 2008, Barack Obama campaigned on a pledge not to reverse Bush’s tax cuts for the bottom 98 percent of taxpayers, a promise he has worked hard to honor. That locked in 80 percent of the Bush-era revenue losses. During the current negotiations, Obama’s initial offer includes $1.6 billion in new revenue over 10 years, which would leave intact about 60 percent of Bush’s tax cuts.
How to Solve the Fiscal Cliff? Start With a Gag Order
December 06, 2012
Obama and Boehner need to stop talking to the press and start talking to each other.
A Fiscal Cliff Compromise That Could Work For Everyone
November 21, 2012
Two entrenched positions define the revenue dimension of the fiscal cliff debate—Republicans’ opposition to rate increases, and President Obama’s longstanding vow not to raise taxes on families making $250,000 per year or less. Each side has reasonable if not completely compelling arguments in favor of its position.