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Congress could, however, borrow a best practice from the states: line-item budgets.
Congress needs a new approach to automatic budget enforcement to replace the failed model that relies on across-the-board cuts. Instead, enforcement should help Congress budget responsibly in the first place by setting up automatic consequences that make small, repeatable, surgical adjustments to various federal programs.
Today, Americans for Prosperity (AFP) introduced the Agenda to End Budget Brinkmanship, a policy framework for congressional lawmakers to end the budget battles and fix the broken process causing Washington’s budget dysfunction.
Better Budgeting Can Expand the Space for Tax Policy Reform Committee on Appropriations, Pennsylvania House of Representatives Chairman Grove, members of the committee: Thank you for the invitation to share views on tax reform. I am Kurt Couchman, the senior fellow in fiscal policy at Americans for Prosperity. I am excited to be here, since […]
Federal borrowing has reached the statutory debt limit, yet Treasury has another five or six months of “extraordinary measures” until the real deadline in June or July. The federal government must avoid default this year while ending the debt accumulation’s march toward slower growth, fiscal crisis, and global instability.
Failure to control spending and debt—over the last 15 years but especially during the pandemic—created today’s inflation crisis and broader economic turmoil. The good news is that Congress can fix this.
The escalating costs of higher education have pushed tens of millions of Americans to fall deep into debt before starting their careers. This troubling situation reflects decades of government policy errors that prioritized access over value but have undermined both. We need Congress to address the root causes.
The Social Security Trustees’ latest report on June 2 has bad news: Social Security’s Old Age and Survivors Insurance (OASI) trust fund is rapidly running out of money.
