taxes

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.

Heritage's Brian M.

You can't tell the players without a scorecard, which is why Congressional Quarterly's take on the inside-the-Beltway angles surrounding this week's budget maneuvering is pretty handy.

Democratic leaders say they want to have a budget resolution by next Friday.

Tax Day is two days later than usual this year, thanks to a public holiday in the District of Columbia (and, indirectly, Abraham Lincoln).

Not too badly, but still needs improvement, according to the GAO. (The link's a PDF file, by the way).