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.
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W. Bowman Cutter
Senior Fellow and Director, Economic Policy Initiative
The Roosevelt Institute
Joseph E. Kasputys