Performance Budgeting and Management White Papers

Who Would Pay for the House's "Free Lunch" Tax Cuts?: In Assessing Whether to Make Any Tax Cuts Permanent, How to Pay for Them and How to Address the Long-Term AMT Problem Needs to Be Considered

Overview Passing problems on to future generations is generally an undesirable and irresponsible choice. This is especially true today. In just a few years, the baby-boom generation will begin to retire, and that will inevitably result in programs for the elderly such as Medicare and Social Security consuming a larger share of national resources. Only a few years ago there was a consensus that the nation should use the first decade of this century to prepare for this eventuality by paying down the debt and placing annual Social Security surpluses off limits so they would not be used to finance other programs.

Further White Paper Details
PublisherCenter on Budget and Policy Priorities File FormatPDF, requires Acrobat Rdr 5
Date PublishedMay 2004 Downloads1
FormatWhite Papers   
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