U.S. Personal Saving Rate, 1970-2012March 2013
Introduction
Robert E. Rubin, Co-Chair, Council on Foreign Relations; Former U.S. Treasury Secretary
Real Specifics: 15 Ways to Rethink the Federal Budget—Part II: Addressing Entitlements, Taxation, and Revenues
When: Tuesday, February 26, 2013 • 9:30 a.m. – 2:30 p.m. (lunch included)
Where:
Capital Hilton Hotel • 1001 16th Street, NW • Washington, DC • 
Map
Media Inquiries: Lindsey Underwood • 202/797-6082 • lunderwood@brookings.edu
General Inquiries: Laura Howell • 202/797-4360 • lhowell@brookings.edu
Budget battles continue in Washington even after the White House and Congress cut a last-minute deal to avert the so-called “fiscal cliff.” With the imminent threat of default removed for now, the next potential challenge to the economy could come from sequestration, set to go into effect on March 1.
The Hamilton Project asked experts from a variety of backgrounds—the policy world, academia, and the private sector—and from both sides of the political aisle, to provide innovative, pragmatic proposals for lowering the deficit by reducing expenditures or raising revenues, and that take into account impacts to the economy at large.
The resulting 13 proposals range across budget groups, and include options to reduce mandatory and discretionary programs, to improve economic efficiency, and touch on topics as wide ranging as immigration, transportation, healthcare, and mortgage interest. This diverse group of authors convened in at a forum on February 26th in Washington, DC to discuss their ideas in a series of roundtable discussions.
The first forum in this series was held on February 22nd at the Brookings Institution and focused on opportunities to create greater efficiency in the defense budget.
Agenda
The State of the Budget: Prospects, Challenges, and Opportunities
Discussant: Donald Marron, Director, Tax Policy Center
Discussant: Robert D. Reischauer, Distinguished Institute Fellow and President Emeritus, The Urban Institute
Discussant: Alice M. Rivlin, Senior Fellow, The Brookings Institution
Facilitator: Roger C. Altman, Founder & Chairman, Evercore Partners
Overview of the Budget Book
Michael Greenstone, Senior Fellow and Director, The Hamilton Project, The Brookings Institution
Panel 1: An Enduring Social Safety Net
Author: Michael Chernew, Professor of Health Care Policy in the Department of Health Care Policy at Harvard Medical School
Author: Edward Thomas, President, Natural Hazard Mitigation Association
Author: Jonathan Gruber, Professor of Economics, Massachusetts Institute of Technology
Author: Jeffrey B. Liebman, Malcolm Wiener Professor of Public Policy, John F. Kennedy School of Government, Harvard University
Discussant: Paul N. Van de Water, Senior Fellow, Center on Budget and Policy Priorities
Moderator: Laura D’Andrea Tyson, S.K. and Angela Chan Professor of Global Management, Haas School of Business, University of California, Berkeley
Working Lunch
(Lunch will be provided for registered attendees)
Panel 2: Innovative Approaches to Tax Reform
Author: Joseph E. Aldy, Assistant Professor of Public Policy, John F. Kennedy School of Government, Harvard University
Author: Karen Dynan, Vice President and Co-Director, Economic Studies, The Brookings Institution
Author: Diane Lim, Chief Economist, Pew Charitable Trusts
Author: Alan Viard, Resident Scholar, American Enterprise Institute
Discussant: Adam Looney, Policy Director, The Hamilton Project
Moderator: Robert Greenstein, President, Center on Budget and Policy Priorities
Panel 3: New Sources of Revenue and Efficiency
Author: Tyler Duvall, Associate Principal, McKinsey & Company
Author: Benjamin H. Harris, Senior Research Associate, The Urban Institute
Author: Adele Morris, Fellow and Policy Director, Economic Studies, The Brookings Institution
Author: Pia Orrenius, Assistant Vice President and Senior Economist, Federal Reserve Bank of Dallas
Author: Phillip Swagel, Professor of International Economics, School of Public Policy, University of Maryland
Moderator: Michael Greenstone, Senior Fellow and Director, The Hamilton Project, The Brookings Institution
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