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Budget Basics Archive
Here are the top ten spending categories for the federal budget.
Sequestration is a budget procedure used by lawmakers to cancel or limit funding in order to meet budget goals.
Although the need for serious, long-term changes to the funding structure of the Highway Trust Fund is clear, there is disagreement over the approach to do so.
The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.
Medicaid’s role in state budgets is unique, since the program acts as both an expenditure and the largest source of federal support in state budgets.
Tax expenditures can come in the form of exclusions, exemptions, deductions, and credits.
This budget explainer describes what Medicaid is, how it is financed, and who benefits from it.
Most working Americans are subject to payroll taxes, which are usually deducted automatically from an employee’s paycheck. Employers are also often subject to these types of taxes.
Here’s an overview of inflation, why it matters, and how it’s managed.
Presently, revenues raised by the corporate income tax represent the third-largest category of federal tax revenue in the United States, trailing those generated from the individual income and payroll taxes.