Tag: Congress
Before I say anything, let me be clear about my view of the world. At the end of 2019, according to the Federal Reserve, households held $127 trillion in assets and $16 trillion in debt, for a net worth of $111 trillion. Of course, that amount has been substantially cut by the collapse of financia…
Lawmakers have many ways to get around their own rules on fiscal discipline. Tax issues are on the front burner this fall in Washington. In the past, tax reformers have often supported the notion of making any package “revenue neutral” by pairing cuts in tax rates with offsetting reductions in tax preferences to prevent increasing…
