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Our charts frame the fiscal outlook of the U.S. government within a broad economic, political, and demographic context.
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Our polling tracks the public’s views about our fiscal and economic condition and the progress elected leaders are making in addressing it.
Latest Articles
How Much Can the Administration Really Save by Cutting Down on Improper Payments?
Cutting down on improper payments could increase program efficiency, bolster Americans’ confidence in their government, and safeguard taxpayer dollars.
What Is R Versus G and Why Does It Matter for the National Debt?
The combination of higher debt levels and elevated interest rates have increased the cost of federal borrowing, prompting economists to consider the sustainability of our fiscal trajectory.
High Interest Rates Left Their Mark on the Budget
When rates increase, borrowing costs rise; unfortunately, for the fiscal bottom line, that dynamic has been playing out over the past few years.
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Issues
Infographic: How the U.S. Tax System Works
One issue that most lawmakers and voters agree on is that our tax system needs reform.
No Taxes on Tips Would Drive Deficits Higher
Eliminating taxes on tips would increase deficits by at least $100 billion over 10 years. It could also could turn out to be a bad deal for many workers.
Tax Cuts Then and Now: The Debt Is Much Higher
The United States was in a more sustainable fiscal position when lawmakers previously enacted tax cuts.
What is a Wealth Tax, and Should the United States Have One?
Proponents of the wealth tax argue that it could help address rising wealth and income inequality while also generating revenues.
What Are Refundable Tax Credits?
The cost of refundable tax credits has grown over the past several years, with the number and budgetary impact of the credits increasing.
Chart Pack: Individual Taxes
A selection of key charts on individual income taxes in the United States and how they fit within the federal budget.
Eight of the Largest Tax Breaks Explained
Tax breaks totaled over $1.9 trillion in 2024. That’s more than the government spends on Social Security, defense, or Medicare and Medicaid.