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Balanced budget rules are normal and necessary.
Constitutional and statutory rules for budget balance are standard in U.S. states and in other prosperous countries. To restore sound finances and inspire more bottom-up, effective, and comprehensive budgeting, the United States should adopt this global best practice. A robust competition between BBAs in the House is the place to start.
According to a recent CNBC|SurveyMonkey Small Business Survey, 46% of small business owners now rate the economy as “excellent” or “good,” up from just 30% in the previous quarter.
Many Americans’ property taxes are high and rising due to local governments’ wasteful spending and revenue diversions. State legislators can address these problems.
AFP is committed to helping Congress approve the One Big Beautiful Bill Act, rescissions requests, and other ways to get federal finances back on solid ground. Senator Johnson is right to call for getting spending under control. We hope his report helps his colleagues take on this challenge and elevate the structural solutions for Congress to create an effective regular order that supports responsible federal policymaking.
Republicans’ success depends on enacting the big tax, energy, and security changes in the budget reconciliation bill. Members of Congress must embrace wholeheartedly President Trump’s requests to cancel wasteful spending.
The goal of pro-growth tax reform is to broaden the tax base and lower the overall tax rate. The Tax Cuts and Jobs Act fulfilled this by eliminating many tax subsidies and carve outs that skewed towards benefiting high earners. The existing tax code is rife with provisions that reduce prosperity. The Tax Cuts and […]
The existing tax code is rife with provisions that encourage people to alter their behavior in socially harmful ways. Tax reform efforts differ from simple tax cutting by attempting to streamline the code and make it less economically destructive.
The federal tax system’s complex and convoluted structure results in it costing far more than the $5 trillion it annually extracts from taxpayers’ pocketbooks. Each year it effectively imposes hundreds of billions in additional surtaxes on the American people in the form of excess burdens, compliance costs, and administrative expenses.
