Principles for Tax Reform to Grow the Economy, Not the Debt
Fiscally responsible tax reform essential to America’s economic growth and long-term prosperity
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Fiscally responsible tax reform essential to America’s economic growth and long-term prosperity
Fiscal year 2024 has already begun and lawmakers will need to find a permanent solution to continue funding government activities beyond the expiration of the CRs.
“Sadly, we rung in the new year reaching a new record milestone of $34 trillion in national debt,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/12/fci-press-release
The federal government has enacted legislation to provide relief from the COVID-19 pandemic, and the Treasury has ramped up borrowing to pay for it.
The Peter G. Peterson Foundation launches campaign to address debt.
https://www.pgpf.org/press-release/2010/11/peterson-foundation-to-launch-campaign-to-address-debt
The child tax credit (CTC) is a measure administered though the tax code that is designed to make raising children more affordable by easing the financial burden faced by families.
https://www.pgpf.org/budget-basics/what-is-the-child-tax-credit
Two of America’s top economists said Monday that while the U.S. faces a complex mix of fiscal and economic challenges, they don’t see an immediate threat of recession.
A group of respected policy experts share their views on how a bipartisan fiscal commission could help break the cycle of governing by crisis.
“With high inflation, risk of recession, rising interest rates and the debt soaring over $31 trillion, there are many urgent fiscal and economic priorities for the 118th Congress to address next year,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/11/fci-press-release
Interest rates on Treasury securities are rising faster than most economists anticipated earlier in the year, with potentially serious consequences for the nation’s fiscal position.