March 25, 2019
Highlights of the Senate Budget Committee’s Chairman’s Mark
AAF’s Director of Fiscal Policy Gordon Gray analyzes the Senate Budget Committee’s Chairman’s Mark for the FY2020 Budget Resolution.
It does not purport to balance in 10 years, a task that is increasingly a flight of fancy. Rather, it acknowledges the reality of prevailing fiscal policy and attempts to restrain growing deficits through a modest mix of reduced mandatory spending and higher revenues over the next 5 years. It is exactly the right place to begin a discussion of how to realistically improve the budgetary outlook in the near term.