Corporate Tax Revenue Reduced by TCJA
Corporate tax revenues are substantially lower than they were before the tax rate was reduced by the TCJA.
https://www.pgpf.org/chart-archive/0304_corporate_tax_reduced_tcja
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Corporate tax revenues are substantially lower than they were before the tax rate was reduced by the TCJA.
https://www.pgpf.org/chart-archive/0304_corporate_tax_reduced_tcja
The federal government collects revenue from a variety of sources.
The Peterson-Pew Commission on Budget Reform's second report, Getting Back in the Black, offers a detailed set of options to reform the federal budget process.
https://www.pgpf.org/what-we-are-doing/grants/peterson-pew-commission-report
Federal taxes and transfers can help reduce disparities in income.
https://www.pgpf.org/chart-archive/0233_taxes-reduce-disparities
A study commissioned by the Peter G. Peterson Foundation on S. 1796, America's Healthy Future Act of 2009 confirms the Congressional Budget Office analysis that the bill, as passed by the Senate Finance Committee, could result in slightly lower deficits if it is implemented as intended and remains unchanged.
https://www.pgpf.org/press-release/peter-g-peterson-foundation-releases-new-health-care-reform-study
Over the next 10 years, the spending caps are projected to reduce deficits by approximately $900 billion, and the Supercommittee is charged with finding $1.5 trillion of additional savings.
https://www.pgpf.org/analysis/long-term-implications-of-the-budget-control-act-of-2011
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
As policymakers consider how best to address our looming fiscal challenges, there is a growing debate about whether the U.S. can reduce defense spending without jeopardizing its national security.
As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries.
The top 1 percent of taxpayers generate 30 percent of individual income tax revenues.