Budget Matters Blog


What Is Entitlement Reform?

When lawmakers struck a fiscal-cliff deal on New Year's Day, they did not make any changes to Medicare or Social Security. But the debate over if and how to reform entitlement programs has only just begun.


Beyond the Fiscal Cliff: Entitlement Reform

One of the major issues not addressed as part of the recent deal on the fiscal cliff is the future of the major entitlement programs – Social Security, Medicare and Medicaid.Entitlements are programs that pay benefits to anyone who applies for them and meets the eligibility requirements for that specific ...


Sequestration Uncertainty

Last week’s fiscal cliff deal left much unresolved – no agreement on raising the debt ceiling, the fiscal year 2013 budget is still incomplete, and there was no more than a delay in dealing with one of the major components of the cliff: sequestration.


You Ask, We Answer: Why Are Payroll Taxes Going Up?

A number of our Facebook fans expressed concern last week when they discovered that payroll taxes would be increasing in the wake of fiscal cliff negotiations. One person wrote in dismay, "What about all the months of discussion that increasing taxes on the middle class would hurt the economy?"


Top Five Things You Need to Know About the Fiscal Cliff Deal

Here are the top 5 things you need to know  about the fiscal cliff deal enacted by Congress this week: 1)  Extends the Bush-Era Tax Cuts: The Bush-era tax cuts were scheduled to expire on Dec. 31. The tax cuts benefited nearly every American taxpayer, though they offered the most ...


The Fiscal Cliff Deal

At the last possible moment, Congress came to an agreement to avoid the fiscal cliff. The deal affects tax rates, unemployment benefits, and even the price of milk. Read the details.


2013 and the Fiscal Cliff

2013 and the fiscal cliff will arrive in a few hours, though today's most popular Google search is about Kim Kardashian's pregnancy. After all, we can only take so much news about something called the "fiscal cliff." But it actually makes a difference whether we're paying attention to Kim Kardashian or to what's happening in Washington.


Best of 2012: From tax cuts to the fiscal cliff

What a year for the federal budget! In 2012, our nation tackled complicated topics ranging from tax cuts to sequestration. The November election pivoted on candidates’ federal spending and revenue plans, and highly polarized debates about the so-called “fiscal cliff” continue to rage in Washington. What's Ahead for the Fiscal ...

Did Federal Aid Influence Election Results?

In the recent presidential election, were people who receive federal aid more likely to vote for President Obama? Were the wealthy more likely to vote for Mitt Romney? The Daily Beast, with an assist from NPP's Federal Priorities Database, has the answer.


Will There Be a Fiscal Cliff Deal?

There have been few outward signs of progress in recent days as Congress and the White House negotiate over the so-called fiscal cliff. (We prefer to call it a fiscal obstacle course.) Naturally that's led to speculation that lawmakers won't be able to strike a deal to avoid the looming spending cuts and tax increases.