During last week’s State of the Union Address a confident President Obama spoke of the slow but steady economic recovery. This week the Congressional Budget Office (CBO) released their 2015 ten year Budget and Economic Outlook. While the President was indeed right to be optimistic about a recovering economy, he failed to mention a more pessimistic trend – the growing federal debt.
The President’s irresponsible wish list stands in stark contrast to Americans for Prosperity’s “Reform America 2015” agenda – one that offers a different approach by focusing on constructive free-market reforms that will put America’s economy on the road to a real recovery and puts real money back into the pockets of working families.
While few Americans were fortunate enough to see a holiday bonus this year, there is one gift that American motorists have been enjoying of late; lower gas prices. Currently sitting at more than a dollar below the average price last year, U.S. drivers are projected to save somewhere between $380 and $750 dollars during 2015 if the prices hold. While wages have remained stubbornly flat for most workers, gas prices have provided a rare glimmer of hope for American workers, who have been struggling with an anemic job market, labor participation rates not seen since the 1970s, and median family incomes that have dwindled to mid-1990’s levels. But if Washington politicians have their way, this brief reprieve from the disastrous economic conditions of the last six years may be very short lived.
It’s often said that asking the hard questions is the first step toward resolution; skating around an issue leaves it stuck in the ice. Americans for Prosperity is ready to ask the tough questions about our government and elected officials. If you’ve kept up with our work, then you know we are not afraid to […]
By Christine Harbin Hanson With only one week left in 113th session, one of the items left on Congress’s “to do” list is a package of expired business-related tax provisions—known as “tax extenders” inside the Beltway. Although the legislation includes some praise-worthy extensions, such as bonus depreciation, many of the provisions are corporate welfare that […]