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The United States was in a more precarious fiscal position in 2020 than it was at the onset of the last six recessions.
https://www.pgpf.org/chart-archive/0309_precarious_fiscal_position
The 2016 Fiscal Summit convenes lawmakers and leading experts in election year discussion about the leadership required to secure America’s fiscal and economic future.
https://www.pgpf.org/press-release/2016/04/2016-fiscal-summit-press-release
On average, Medicare benefits far exceed taxes over an individual’s lifetime.
https://www.pgpf.org/chart-archive/0197_Medicare_lifetime_benefits
The Peter G. Peterson Foundation releases a statement on the vote by the National Commission on Fiscal Responsibility and Reform.
The U.S. economy was in its longest expansion since World War II. The pandemic, however, has altered that trajectory.
https://www.pgpf.org/blog/2020/05/how-the-coronavirus-has-affected-our-economic-outlook
“The coronavirus outbreak is an unprecedented national emergency, and we need to respond aggressively to address both the public health crisis and the economic risk,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“The vast majority of Americans across party lines continue to urge national leaders to manage the debt,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/03/fci-press-release
Federal taxes and transfers can help reduce disparities in income.
https://www.pgpf.org/chart-archive/0233_taxes-reduce-disparities
High income individuals receive a greater portion of their income from capital gains
https://www.pgpf.org/chart-archive/0316_capital_gains_income_group