What are Caps on Discretionary Spending and Do They Work?
Let’s look at the trends in discretionary spending and how effective caps are in reducing the debt.
Read MoreHow Much COVID Funding Remains Unspent?
As part of a potential deal to raise the debt ceiling, policymakers are considering rescinding remaining funding for COVID-19 relief.
Read MoreBreaching the Debt Ceiling Could Make Federal Borrowing More Expensive
The recent volatility in interest rates shows that breaching the debt ceiling could make federal borrowing much more expensive.
Read MorePayroll Taxes: What Are They and What Do They Fund?
Most working Americans are subject to payroll taxes, which are usually deducted automatically from an employee’s paycheck. Employers are also often subject to these types of taxes.
Read MoreSix Charts That Show How Low Corporate Tax Revenues Are in the U.S. Right Now
Compared to historical trends and other advanced economies, corporate tax revenues in the United States are low.
Read MoreFive Different Ways of Raising Taxes on the Wealthiest Americans
Many options exist to reduce the imbalance between spending and revenues, including additional taxes on wealthier Americans.
Read MoreThe U.S. Corporate Tax System Explained
Presently, revenues raised by the corporate income tax represent the third-largest category of federal tax revenue in the United States, trailing those generated from the individual income and payroll taxes.
Read MoreHealthcare Spending in the United States Remains High
Healthcare spending in the United States totaled 18.3 percent of gross domestic product (GDP) in 2021.
Read MoreInfographic: How the U.S. Tax System Works
One issue that most lawmakers and voters agree on is that our tax system needs reform.
Read MoreBudget Basics: Who Pays Taxes?
The fairness of our federal tax system is a hotly debated issue. Too often, however, those debates confuse or misrepresent important facts.
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