By Tax Credits (CC BY 2.0)

By Tax Credits (CC BY 2.0)

Economics, Pethokoukis, Taxes and Spending

So long to fantasy tax reform plans, please

Good luck creating a tax reform plan — as the 2012 Romney campaign could tell you — that cuts rates, doesn’t worsen the deficit, doesn’t raise on taxes financially-strapped middle-class families, raises take-home pay, increases GDP growth, and doesn’t require spending cuts that necessitate axing the safety net. read more >

081314spending
Economics, Pethokoukis, Taxes and Spending

Can we really ax all those federal departments and agencies? Actually, we kind of are already

National Journal reporter Jason Plautz goes through the ins and outs of cutting a bunch of federal departments and agencies including Agriculture, Commerce, Energy, Education, and the Small Business Administration. Total annual discretionary spending in just the 11 Plautz mentions works out to about $300 billion a year. Generally I find this way of thinking quite appealing. But no one should fool themselves into thinking that slashing this sort of spending will solve America’s long-term budge woes. read more >