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. Was this page helpful to you? Yes! No Thank You! The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work? Contribute to the Tax Foundation Share This Article! Let us know how we can better serve you! We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better? Give Us Feedback Topics Center for Federal Tax Policy Center for Legal Reform Individual and Consumption Taxes Individual Income and Payroll Taxes Tags Bush Tax Cuts