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    Explainers

    Taxes | PGPF Fiscal Issue Primers

    Each year, some of the revenue the federal government collects comes from various taxes. In 2012, taxpayers paid almost $2.5 trillion, which the government used to partially fund $3.5 trillion worth of spending on Social Security, health care, and other programs in areas such as defense and education. The remainder of spending was funded through deficits.


    https://www.pgpf.org/budget-basics/taxes-primer

    Press Releases & Statements

    Mayor Michael R. Bloomberg, Secretary Julián Castro, Former CBO Director Douglas Elmendorf and Top Lawmakers Discuss 'Opportunity for America' at Peterson Foundation Fiscal Summit in Washington

    As the economic recovery takes hold, Americans across party lines believe that the country’s renewed economic stability creates an opportunity for the government to address the country’s fiscal challenges.


    https://www.pgpf.org/press-release/2015/05/2015-fiscal-summit-press-release

Solutions Initiative 2024

Seven think tanks from across the ideological spectrum all agree that we are on an unsustainable fiscal path, and we need to change course.

National Debt Clock

See the latest numbers and learn more about the causes of our high and rising debt.