Left unaddressed, the nation's tax and spending policies will further encourage U.S. businesses to move their capital and create jobs overseas. CED Members urge lawmakers to join together on a bipartisan basis to simplify the tax code and adopt pro-growth regulations that neither impede nor favor any particular sector.
Robust economic growth also depends on reducing the national debt. If policymakers fail to enact a long-term plan, the proliferating debt will wreak havoc across sectors and generations, weakening the American Dream for the young and retirement programs for the elderly. Among CED's recommendations is SaveGo, a bipartisan blueprint that sets a maximum level of the debt burden as a percentage of the GDP, and requires Congress to operate within those constraints.
The Debt Reduction Toolkit permits users to generate different scenarios to achieve a 70 percent ratio of debt to GDP by adjusting the tax rate and outlay costs. The toolkit accompanies CED's Solutions Brief entitled Debt Matters: A Road Map for Reducing the Outsized US Debt Burden, published on February 9, 2023, which recommended a shift to a 70 percent ratio as a recognized stable level for advanced economies that is roughly in between the current ratio and the ratio before the 2008 financial crisis.
This Solutions Brief examines the importance of Social Security in retirement planning, its impact on the federal budget, and options for reforming the program.
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Without action, Social Security's Trust Fund will be depleted by 2033, resulting in automatic 23% benefit cuts.
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Debt matters, and these much-needed solutions can restore the US debt-to-GDP ratio to a sustainable 70 percent.
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Infographic of three public policy recommendations for US in 2023
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Infographic: free and secure trade, resilient supply chains
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Almost two years after the COVID-19 pandemic plunged the United States and the world into economic and social disruption, the nation is recovering.
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This Solutions Brief puts the budget reconciliation process into the context of the nation’s serious ongoing budget problem, and concludes that significant revision…
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The COVID-19 pandemic decimated international public health, but it also ravaged the global economy and labor markets.
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June 20, 2024
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May 17, 2024
May 02, 2024
April 25, 2024
April 18, 2024
CED experts and Trustees speak on this policy issue.
PRESS RELEASE
CED Issues Statement on June 2024 Congressional Budget
June 18, 2024
PRESS RELEASE
CED Issues Statement on 2024 Social Security and Medicare
May 08, 2024
COMMENTARY AND LETTERS
Fix Social Security Now. Waiting Will Cost Us.
March 26, 2024
PRESS RELEASE
Averting a Looming Crisis: CED Provides Plan to Save Social
February 13, 2024
PRESS RELEASE
CED Issues Statement on February 2024 Congressional Budget
February 08, 2024
PRESS RELEASE
CED Maps Out 2024 Policy Priorities and Solutions
January 23, 2024