Financial Times (April 17)
To close its budget shortfall, America needs to tackle tax reform. Tax simplification could eliminate “the lunatic complexity of the US tax code” and provide a “free lunch” to a nation stretched for dollars. “Gradually eliminating tax exemptions for mortgage interest, employer-provided healthcare, and myriad other expenditures…would raise so much money that tax rates could be deeply cut even as revenues were increased.”
Tags: Budget, Revenue, Tax reform, Taxes, U.S.
Financial Times (March 22)
America needs to get its fiscal house in order. “Halfway through the current fiscal year, the US still has no budget and shows little sign of getting one.” In a sign that Congress is unable to make progress on its own, 64 Senators asked President Obama to directly intervene. The Financial Times believes he must try. He alone “might sway the country and break the impasse.”
America needs to get its fiscal house in order. “Halfway through the current fiscal year, the US still has no budget and shows little sign of getting one.” In a sign that Congress is unable to make progress on its own, 64 Senators asked President Obama to directly intervene. The Financial Times believes he must try. He alone “might sway the country and break the impasse.”
New York Times (March 3)
In the U.S., conservatives are creating false alarm that federal and state governments may go bankrupt. “A country with a deficit is not necessarily any more ‘broke’ than a family with a mortgage or a college loan. And states have to balance their budgets. Though it may disappoint many conservatives, there will be no federal or state bankruptcies.”
Tags: Bankruptcy, Budget, Government, U.S.
