House Republicans Show Their Cards on the Tax Bill
This week on Facing the Future, Marc Goldwein, Senior Vice President of the Committee for a Responsible Federal Budget, guides us through the tax cut bill rolled out by House Ways and Means Committee Republicans. We'll discuss how big it is, whether it's good tax policy and will it be paid for?
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44:15
As Students Tackle the Debt, Congress Blinks
This week on Facing the Future, we'll talk with students who participated in the annual collegiate fiscal challenge, a competition that seeks to stabilize the debt and economy. Then, Carolyn Bourdeaux and I assess President Trump's "skinny budget" and check in on reconciliation in Congress.
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Assessing the Risks of Rising Debt
This week on Facing the Future we'll assess the risks and costs of rising federal debt with Ben Harris, vice president and director of Economic Studies at the Brookings Institution. We’ll also get his take on congressional negotiations over a major spending and tax bill and whether the economy is headed for a recession.
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44:55
High Tariffs Are High Risk
This week on Facing the Future the guest is Alex Durante, senior economist at the Tax Foundation. We'll discuss the economic effects of President Trump's tariffs and whether Republicans in Congress can find a way to extend about $4 trillion worth of expiring tax cuts without adding it all to the debt.
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44:03
Budget Gimmicks Don't Fool the Economy
This week on Facing the Future, Jessica Riedl, a Senior Fellow at the Manhattan Institute, joined me to discuss her list of the top 10 federal budget gimmicks and the potential for tariffs to raise revenues, harm the economy or both.
As we went through Riedl’s list of budget gimmicks, it was clear that many of them are in play this year. She mentioned, for example, “fake expiration dates” and using a “current policy” baseline. A key feature of the recently passed congressional budget resolution is the use of a current policy baseline to assume that extending the expiration date of the 2017 tax cuts will have no budgetary effect.
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