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The Peter G. Peterson Foundation is a nonpartisan, nonprofit organization focused on building a brighter economic future for all Americans. Browse our latest content and updates.
News
January 29, 2026
Voters Growing More Concerned About the National Debt
“The national debt is growing faster than ever, and voters understand that this is a major problem for America’s economic future,” said Michael A. Peterson.
January 23, 2026
The Six Largest Corporate Tax Expenditures
Relative to the size of the economy, the U.S. collects less revenues than many other advanced countries. Tax expenditures are a contributing reason.
January 22, 2026
What’s the Difference Between the Trade Deficit and Budget Deficit?
The terms “budget deficit” and “trade deficit” can be conflated, but they are distinct measurements of important fiscal and economic concepts.
January 22, 2026
Understanding the New Senior Deduction in the One Big Beautiful Bill Act
The senior deduction adds complexity to the tax code, and fewer than half of seniors will benefit from it.
January 21, 2026
The Federal Government Has Borrowed Trillions. Who Owns All that Debt?
Most federal debt is owed to domestic holders, but foreign ownership is much higher now than it was about 50 years ago.
January 14, 2026
What Are Estate and Gift Taxes and How Do They Work?
Estate and gift taxes produce relatively lower revenue compared to other sources, but they generate a significant amount of attention, and even controversy.
January 14, 2026
10 of the Largest Tax Breaks Explained
Tax breaks totaled over $2.0 trillion in 2025. That’s more than the government spends on Social Security, defense, or Medicare and Medicaid.
January 14, 2026
8 Key Charts on Tax Breaks
The cost of tax breaks was greater than the size of the deficit in 2025.
January 7, 2026
2026 Begins with U.S. Fiscal Confidence Lower than a Year Ago
“As the new year begins, voters are understandably concerned about America’s fiscal direction,” said Michael A. Peterson.