Carbon Tax: Potential for a New Fiscal Solution
A panel of experts discussed the potential for a well-designed carbon tax to play a role in putting our nation on a more sustainable fiscal path.
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A panel of experts discussed the potential for a well-designed carbon tax to play a role in putting our nation on a more sustainable fiscal path.
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Voters are calling on their leaders to take concrete actions to put us on a better fiscal path.
“Today’s report provides a troubling snapshot of America’s fiscal outlook, which we know will only get worse from here,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2021/03/peterson-statement-on-cbos-long-term-outlook
The Treasury projects that debt as a percentage of GDP will grow to more than five times the size of the U.S. economy in the next 75 years.
https://www.pgpf.org/blog/2024/03/delaying-fiscal-reform-is-costly-annual-treasury-report-warns
Portman, Panetta, Heitkamp, Zandi and others call for bipartisan fiscal commission, outlining spending and revenue reforms to stabilize the debt.
With our economy in recovery, our debt rising unsustainably, and our nation still grappling with a devastating pandemic, America faces many critical questions for its future. Where do we go from here?
To solve our fiscal challenges in an enduring way, we need input and support from across the ideological spectrum.
The lawmakers we choose this November will face critical fiscal and economic decisions in the near future.