This week on Off the Charts, we discussed the federal budget, federal taxes, the economy, state budgets, Social Security, and housing policy.
- On the federal budget, we excerpted our analysis of the budget proposal from Republicans on Congress’ deficit-reduction “supercommittee,” and Robert Greenstein examined a recent proposal to the committee from Erskine Bowles, co-chair of the President’s fiscal commission.
- On federal taxes, Chuck Marr noted a new Joint Tax Committee study that raises red flags about House Republicans’ effort to craft a corporate tax reform plan. Chye-Ching Huang outlined several reasons why the federal tax system has become less effective in offsetting income inequality in recent decades. Kathy Ruffing showed that government in the United States collects less revenue than most other developed countries.