Unfunded Defense Hikes and Tax Cuts Threaten U.S. Fiscal Stability
May 28, 2025
May 28, 2025
WASHINGTON, May 28 (TNSLrpt) -- The Quincy Institute for Responsible Statecraft issued a report on May 14, 2025, titled "Current Budget Proposals Set Us on the Road to Fiscal Crisis," authored by Non-Resident Fellow Steven Kosiak. The report cautions that current congressional reconciliation and Trump administration budget proposals, which combine significant unfunded increases in defense spending with substantial tax cuts, are pushing the U.S. towards a severe fiscal crisis that could . . .