CED Issues Statement on Budget Proposals

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Committee for Economic Development of The Conference Board (CED)

Aug 08, 2024, 13:00 ET

NEW YORK, Aug. 8, 2024 /PRNewswire/ -- Today, John Gardner, Vice President, Public Policy, at the Committee for Economic Development (CED), the public policy center of The Conference Board, released the following statement:

CED welcomes the proposals for cutting the federal budget from several prominent organizations as an important contribution to what should be a growing and urgent debate over spending and our fiscal health in this election year. CED reaffirms our call for a bipartisan Congressional Commission on Fiscal Responsibility to consider comprehensive and sustainable solutions to our Debt Crisis and urges Congress to adopt solutions to put the Social Security and Medicare Trust Funds on sound financial footing to preserve these crucial programs for current beneficiaries and future generations of Americans. Now, other organizations should step up to make similar far-reaching proposals for spending reduction, entitlement reform, and budget process reform so that Congress has more proposals to consider, and the US will be able to address its fiscal challenges quickly.

About The Conference Board
The Conference Board is the member-driven think tank that delivers Trusted Insights for What's Ahead.™ Founded in 1916, we are a non-partisan, not-for-profit entity holding 501(c)(3) tax-exempt status in the United States. ConferenceBoard.org

The Committee for Economic Development (CED) is the public policy center of The Conference Board. The nonprofit, nonpartisan, business-led organization delivers well-researched analysis and reasoned solutions in the nation's interest. CED Trustees are chief executive officers and key executives of leading US companies who bring their unique experience to address today's pressing policy issues. Collectively, they represent 30+ industries and over 4 million employees. ConferenceBoard.org/us/Committee-Economic-Development

SOURCE Committee for Economic Development of The Conference Board (CED)