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CBO’s Updated Projections Show Deficits Continuing to Climb, Despite Growing Economy
Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade.
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Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade.
“This budget acknowledges the need for deficit reduction, and represents a positive step and starting point for action on stabilizing our national debt" said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2022/03/peterson-foundation-statement-on-presidents-budget
As fiscal discussions continue with deadlines imminent, The Peter G. Peterson Foundation’s September Fiscal Confidence Index registered continued negative public sentiment on the country’s fiscal challenges.
https://www.pgpf.org/press-release/2013/09/fci-press-release
2013 Fall Fiscal Agenda: A Critical Time for Action; 4 upcoming milestones
https://www.pgpf.org/budget-basics/2013-fall-fiscal-agenda-%E2%80%94-the-debt-ceiling
2013 Fall Fiscal Agenda: A Critical Time for Action; 4 upcoming milestones
https://www.pgpf.org/budget-basics/2013-fall-fiscal-agenda-%E2%80%94-the-2014-appropriations-bills
Estate and gift taxes are levied on the transfer of assets. Two areas of the tax code that are relatively small in dollar terms, but can generate a significant amount of attention and even controversy in the broader conversation about wealth.
https://www.pgpf.org/budget-basics/what-are-estate-and-gift-taxes-and-how-do-they-work
A new report, prepared by Macroeconomic Advisers, LLC for the Peter G. Peterson Foundation, examines the cost of crisis-driven fiscal policy over the past few years.
https://www.pgpf.org/pgpf-programs-and-projects/the-cost-of-crisis-driven-fiscal-policy
Peter G. Peterson pens an op-ed in the Wall Street Journal about tax aversion syndrome.
https://www.pgpf.org/press-release/tax-aversion-syndrome-and-our-deficit-future-by-peter-g-peterson
“Leaders from both parties have pledged to fully offset the cost of new spending, and voters want them to honor this commitment,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/07/fci-press-release
Under current policies, publicly held debt is projected to increase from 73 percent of gross domestic product in 2012 to 83 percent in 2023.