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Fiscal Policy

Restoring Fiscal Sanity -- While We Still Can

Tuesday, May 18, 2004 - 12:05pm

Deficits are back, the debt is rising, and the coming election is the last before the baby boom generation begins to retire. Tough policy choices will be needed to get the country back on track, yet politicians continue to postpone making them. This policy forum -- hosted by nine different organizations with varying perspectives -- explored and debated a number of possible options to help address these fiscal challenges before it is too late.

NAF Plan to Speed the DTV Transition

  • By
  • J.H. Snider,
  • Michael Calabrese,
  • New America Foundation
May 12, 2004

There is a general consensus that accelerating the digital TV transition -- thereby freeing up the 108 MHz of “beachfront” spectrum corresponding to TV channels 52- to-69 -- is clearly in the public interest. Because transmissions at this frequency range pass easily through walls and trees, the 700 MHz band could jumpstart the deployment of more affordable wireless broadband connections, particularly in rural areas.

Statement in Support of Restoring Pay-As-You-Go Budget Enforcement for Tax Cuts and Entitlement

April 20, 2004

Growing concerns that large chronic budget deficits once again threaten our economic future have led Members of Congress to consider whether to reinstate the pay-as-you-go rule (PAYGO) and, if so, whether to include an exemption for tax cuts. Our organizations strongly believe that PAYGO should be renewed in its original and successful form -- applying it without exceptions to both entitlement expansions and tax cuts. This budget-wide constraint was an effective part of past bipartisan efforts to bring deficits under control.

Congress Needs Budget Reform

March 16, 2004

WASHINGTON, D.C. – Today, the Committee for a Responsible Federal Budget, co-chaired by Leon Panetta and Bill Frenzel, and directed by Maya MacGuineas released the following statement in support of Congressional reinstatement of PAY-GO (no increases in entitlements and no additional tax cuts without offsets) rules and caps on discretionary spending:

The Real State of the Union

March 1, 2004

The brightest and most original minds in America offer a penetrating analysis of the state of the union and the policy challenges facing the nation as the 2004 election approaches.


Raising Hell

  • By
  • Phillip Longman,
  • New America Foundation
March 1, 2004 |

This year's presidential race underscores a curious truth about American politics today: Elected officials love to talk about "family values" and "investing in our kids," but shy away from proposing anything big or new that would actually help them. The only item in President Bush's new budget directed at parents is a call for making his temporary increase in the child tax credit (from $600 to $1,000) permanent. His Democratic challengers have offered a few modest ideas, such as universal after-school programs ($4 billion a year).

The Bush Budget, All Bulked Up

  • By
  • James Pinkerton,
  • New America Foundation
February 8, 2004 |

Conservatives and other limited-government types are furious at President George W. Bush for his big-spending ways. One group said the Republican-controlled government is dispensing cash like a "drunken sailor." But in fact, there's nothing spontaneous or accidental about the spending spree. What we're seeing is the sober logic of a changing Republican Party, as well as a changing American psyche, post-9/11 -- from peacetime consumerism to wartime welfarism.

The President's FY 2005 Budget

February 2, 2004
Please see the attached PDF version of this press release.

Newly Released CBO Baseline

  • By
  • Maya MacGuineas,
  • New America Foundation
January 26, 2004
Please see the attached PDF version of this document, which outlines the key numbers and long-term implications of the latest Congressional Budget Office baseline estimates.


Radical Tax Reform

  • By
  • Maya MacGuineas,
  • New America Foundation
January 20, 2004 |

We have become accustomed to thinking that taxes, like hemlines, can only go up or down. This isn't true. Over the centuries changes in the form of U.S. taxes have been at least as dramatic as changes in the rate of taxation.

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