A diverse coalition from South Carolina is calling on lawmakers to address the rapidly approaching fiscal cliff and the country’s long-term federal debt problems.
The push on taxes is in full swing. Our resources show the need for real, comprehensive reform that does not add to the national debt.
With all the debate going on about taxes and spending, it's a good time to get educated on the federal budget and national debt. Take our crash course and test your knowledge with our quizzes.
The national debt forecast is troubling, especially when put in human terms. Follow Hope as she grows up with debt.
The Debt Fixer tool from our partners at the Committee for a Responsible Federal Budget allows you to show policymakers how to fix the debt. Check it out.
Updates From South-carolinasee more »
07 December 2017 - The House of Representatives and Senate have both passed legislation to cut taxes. Both versions could increase the national debt by some $2 trillion over ten years. That is on top of the $10 trillion that the debt is already forecast to grow by over the next decade.
05 December 2017 - We are disappointed that the Senate approved tax legislation that is projected to add $1 trillion to the national debt after accounting for economic growth. However, some senators did stand up for a more fiscally responsible approach to tax reform that would grow the economy in a lasting way. We want to thank each of them. We wrote an open letter that you can join us in signing.
01 December 2017 - The evidence is in and no analysis of the tax legislation in Congress shows it covering its cost through increased economic growth, much less growing the economy enough to put a dent in the national debt. If lawmakers are truly serious about encouraging stronger economic growth over the long run, they should consider real tax reform that does not increase the debt.
30 November 2017 - Former Senator Bill Brock (R-TN) is a member of the Fix the Debt Congressional Fiscal Leadership Council. In an op-ed in the Chattanooga Times Free Press, he calls for comprehensive tax reform that does not add to the national debt.
29 November 2017 - As tax cut legislation enters a critical stretch in Congress, Fix the Debt co-founders Senator Alan Simpson and Erskine Bowles speak out on it in a Washington Post op-ed.
Why it matters
"It's going to take strong will, effective leadership, and a renewed spirit of bipartisanship from our leaders in Washington to address one of the most pressing challenges of our time. The time for action is now if we're to…Ambassador Tony Garza
The pressure is on Congress to address our growing debt if we want to avoid the fiscal cliff. Congress has to address this now – there is no time to wait. It is time for our elected leaders to…Harry Prestanski
Our country stands as a beacon of liberty and hope for people around the world. I care because I’m afraid of a world where these values are diminished because of our government’s inability to function. Fiscal stability and responsible…Michael Taylor
"As a businessman and former elected official, I am worried about Congress’ ability to reach a national debt deal. If we continue to ignore this growing problem, our economy will suffer the consequences. We can expect slower growth, lower…Rick Bennett