Fiscal Year (FY) 2018 begins on October 1. Since FY 2017 had no real budget highlights to celebrate, we’re focusing on the future. Here are our top recommendations for Congress as the new fiscal year begins.
The Trump administration and congressional Republicans unveiled a “unified framework” for tax reform on Wednesday, kicking off what promises to be a heated debate on overhauling the U.S. tax code. And a preliminary estimate suggests that the tax plan could blow a huge hole in the already unsustainable national debt.
Health care returned to the spotlight as Republicans tried one last time to replace Obamacare and many Democrats rallied around legislation to make the federal government the sole health care insurer.
In light of the gross national debt charging past $20 trillion last week, you would think that the folks in Washington would get the hint and start fixing the debt. Unfortunately, they are considering moving in the opposite direction and piling on our already unsustainable debt.
Policymakers should reform the debt ceiling instead of repealing it.
National Debt and You