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Washington is debating tax reform. There’s talk of substantial tax cuts that would give trillions of dollars back to American taxpayers. That might sound great to some. But if Congress doesn’t find a way to pay for those tax cuts, future generations will be stuck with the bill.
“As the 2020 election begins, Americans are looking for leadership and solutions to our growing debt problem,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/01/fci-press-release
The bill as written would move up the date we return to trillion dollar deficits by two years, to 2020.
“This bill has been formed through constructive, bipartisan policymaking and includes important investments in our economy, but it falls short of being fiscally balanced," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Like many in the policy community, the Peterson Foundation is exploring how we can best support our nation’s recovery from the effects of this challenging crisis.
https://www.pgpf.org/a-note-from-michael-peterson-on-the-impact-of-the-pandemic
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for July 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-july-2021
“There’s nothing that matters more right now to our physical, fiscal and economic health than defeating this virus,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2020/07/peterson-foundation-statement-on-the-trust-act
“This shutdown has negatively affected the lives of millions of Americans, disrupted essential government services, and unnecessarily harmed the economy." Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for July 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-july-2022