taxes

President Obama's announcement that he'll support so-called "pay as you go" legislation is getting most of the coverage today, but if you care about the federal deficit and national debt,

As the projections for the national debt keep going worse and worse, a lot of people are probably wondering one thing: Can we really get away with this?

A new study shows that the public is capable of facing facts about the nation's fiscal problems – which is a good thing, because they're probably going to have to take a big bite of a reality sandwich in the coming week.

Most people will never read the Tax Policy Center's new analysis of the presidential candidates' tax plans. For policy wonks, of course, it's a gold mine. For most non-wonky voters, however, the real jarring statement is this paragraph:

Over at the CBO Director's Blog, discussion centers around the advantages and disadvantages of implementing a capital budget at the federal level.  The CBO's director -- Peter R.

It's the old Hollywood story: Actor gets rich and famous. Actor attracts an entourage of self-serving, unsavory associates. Actor gets himself into lots of trouble.

The Senate tossed its paygo problem back to the House last night, passing a fix to the alternative minimum tax without a tax increase or anything else to offset the $50 billion cost.

There are two developments in the news that are likely to feed into long-running debates:

It's one of those "what-if" scenarios that will probably never come to pass, but the Congressional Budget Office released a paper yesterday analyzing what would happen if the government tried to solve its long-term fiscal problem just by raising taxes.