Fiscal Policy and Budget Analysis by Marc Goldwein
Employer Compensation tax would generate comparable revenue to cap elimination, Marc Goldwein notes
Marc Goldwein said that the Employer Compensation tax would generate as much revenue as eliminating the cap and be almost as progressive, but would result in a much smaller increase to the top ...
Marc Goldwein: Limits to charitable deduction could raise $100 billion without reducing giving
Marc Goldwein said limits to the charitable deduction could generate $100 billion in revenue without reducing charitable giving at all, based on numbers from the Tax Policy Center. He added that ...
Reducing excessive Medicare Advantage payments may improve affordability, BudgetHawks points out
Marc Goldwein highlights that Matt Yglesias referenced BudgetHawks' proposals to cut excessive Medicare Advantage payments and limit costly supplemental plans as ways to reduce premiums and budget ...
Marc Goldwein: AARP-sponsored plans can deny coverage and increase costs for seniors
Marc Goldwein said that AARP-sponsored plans can deny people coverage, take $6 in every $100 as profit directly to AARP, impose higher costs on seniors, and simultaneously drive up Medicare costs. ...
Fixing Social Security can address a major fiscal gap, Marc Goldwein notes
Marc Goldwein said a thoughtful Social Security fix has the potential to close half or more of the fiscal gap. He added that most of the remaining gap could be addressed with policies to lower ...
Marc Goldwein: Shift from overestimating to underestimating interest rates underway
Marc Goldwein observes a shift in the approach to interest rate projections, noting that the period of overestimating has ended. He indicates that the trend now leans toward underestimating ...
Saving Social Security is crucial for growth, Marc Goldwein notes
Marc Goldwein emphasizes the importance of saving Social Security to support economic growth. He references a new analysis from BudgetHawks featuring BudgetModel and ...
Marc Goldwein: Short-term debt cheaper but more long-term debt in 2010s through 2021 would help
Marc Goldwein assesses U.S. debt strategy, noting that while short-term debt is significantly cheaper than long-term debt, greater reliance on long-term issuance during the 2010s through 2021 ...
Inflation set to stay above target, Marc Goldwein notes
Marc Goldwein highlights that even if inflation comes to a halt for the remainder of the year, it will still end up well above the 2 percent target. His comment points to persistent inflationary ...
Marc Goldwein: One quick trick to control inflation and interest rates
Marc Goldwein proposes a simple solution to address inflation and interest rates. His comment highlights the search for a straightforward approach to manage key economic ...
Interest rates are rising sharply, Marc Goldwein warns
Marc Goldwein highlights that interest rates are rising rapidly. He points to recent data from the U.S. Congressional Budget Office to emphasize the potential severity of the ...
Marc Goldwein: Deficit reduction key to improving affordability
Marc Goldwein highlights the link between deficit reduction and overall affordability. According to Goldwein, lowering deficits can help temper inflation, reduce interest rates, lower health care ...
U.S. CBO Social Security projections worsen, Marc Goldwein notes
Marc Goldwein highlights that new U.S. Congressional Budget Office projections for Social Security are even less optimistic than those from the Trustees. He draws attention to the worsening ...
Marc Goldwein: U.S. deficits have risen 7 percent of GDP since 2001
Marc Goldwein highlights that U.S. deficits have grown by around 7 percent of GDP since 2001. He explains that a quarter of this increase is due to lower revenue, while the remaining ...
Allocating $30 billion to save $200 billion by reducing fraud is a sound decision, Marc Goldwein notes
Marc Goldwein argues that spending $30 billion to prevent $200 billion in losses from fraud is a clear and logical decision. He describes this approach as one of the most obvious choices ...
Marc Goldwein: $700 billion figure reflects IRA adjustments and multiple drivers
Marc Goldwein addresses recent discussions around a $700 billion increase attributed to the Inflation Reduction Act (IRA). He clarifies that this figure is calculated relative to post-IRA ...
Raising taxes on workers as wealthy retirees get benefits, Marc Goldwein argues
Marc Goldwein questions the current policy debate over increasing taxes for working people while wealthy retirees can still receive $100,000 in benefits. He argues that both benefit and revenue ...
Marc Goldwein: Social Security benefits often exceed taxes paid
Marc Goldwein highlights that there is almost no direct relationship between the Social Security taxes an individual pays and the benefits they receive. He adds that while there are variations ...
Benefits are about one third higher than contributions and tax inflows, Marc Goldwein notes
Marc Goldwein points out that benefits paid are roughly one third higher than the amounts individuals have contributed, even after adjusting for inflation and interest. He also highlights that ...
Marc Goldwein: Social Security insolvency warnings persist over 40 years
Marc Goldwein highlights that concerns about Social Security becoming insolvent have been voiced for 40 years. He cites a 1999 statement by Bill Clinton warning that the Social Security Trust Fund ...
Retirees slated for more benefits than taxes paid, Marc Goldwein notes
Marc Goldwein states that retirees are on track to receive more than seven times the amount they contribute in Social Security taxes. Even after accounting for employer contributions and adjusting ...
