Today’s Debt Ceiling Deal August 1, 2011 Nick Kasprak Nick Kasprak The emerging deal between congressional leaders and President Obama on the debt ceiling is nothing if not confusing. In a new commentary, I discuss all the details, and explain the implications of using a current-law baseline when coming up with new deficit reduction. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Center for Federal Tax Policy Center for Legal Reform Individual and Consumption Taxes Individual Income and Payroll Taxes Tags Bush Tax Cuts