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The Latest Breaking News from CRFB

Elon Musk Implausibly Claims 'Competence and Caring' Can Cut the Federal Budget Deficit in Half

The DOGE director wildly exaggerates what can be accomplished by tackling "waste, fraud, and abuse" in government spending without new legislation.

Reason

Keeping These Tax Cuts Is a Bad, Expensive Idea

Everyone loves lower taxes, but cutting them without reducing spending is bad news for the national debt.

Reason

Trump's Plan To Cut Social Security Taxes May Benefit Millions, Especially Top Earners, But Risks Insolvency In Six Years

Trump's plans to eliminate Social Security taxes could affect revenues flowing into OASI and HI trust funds by $1.5 trillion in the next ten years.

International Business Times UK

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With Trump's election, extending expiring tax cuts should be 'easy'

But his other economic proposals could offset the savings.

Fortune

Trump’s policies could drain Social Security in just six years, report warns

Retirement program might be forced to cut checks as early as 2031 under Trump’s proposed agenda

The Independent UK

Donald Trump’s policies would drain Social Security’s finances faster, report finds

Under Trump, Social Security’s trust fund would run out three years earlier than currently projected, according to the Committee for a Responsible Federal Budget.

Fortune

Kamalanomics: What businesses can expect in a Kamala Harris presidency

The vice president hasn’t done much to woo Big Business, but many executives would still rather take their chances with her than the alternative.

Fortune

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Cuts to Social Security Benefits Could Top $21,000 for High-Income Couples

Benefits will be slashed 21% starting in 2033 if Social Security is not fixed, according to a new report. This is how much you could lose in annual benefits.

Kiplinger

Michael Hiltzik: Social Security is perfectly healthy, but there’s one easy way to improve it

’Tis the season for hand-wringing over the fiscal condition of Social Security.

Los Angeles Times

Michael Hiltzik: The stupid and dishonest idea of raising the Social Security retirement age is back

The people who are in the forefront of pushing Social Security "reform" by cutting benefits have gotten pretty good at hiding their intentions behind plausible-sounding jargon and economists' gibberish.

Los Angeles Times

Why the federal government should join the Fed in the inflation fight

Fiscal policy is missing in the battle against rising prices.

Axios

Michael Hiltzik: Would forgiving student debt drive up inflation? Only if you're using lousy math

With a deadline looming in less than two weeks for President Biden to decide what to do about student debt, it shouldn't be surprising that conservatives have been agitating with increasing intensity against relief for the borrowers.

Los Angeles Times

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