What to Know About the New Monthly Child Tax Credit Payments
A key provision of the ARP advances half of the expected credit for 2021 in periodic payments, which have now begun.
Read MoreDoes Lowering or Raising Corporate Taxes Affect How Businesses Invest in the Economy?
Changes to the U.S. corporate income tax system may influence domestic investment, economic growth, hiring, and how much revenue the federal government raises.
Read MoreSpending on Medicaid Spiked Due to the Coronavirus Pandemic
Federal spending on Medicaid may continue at high levels relative to its historical average as individuals who experienced a loss of income enroll.
Read MorePresident Biden’s Budget Calls for Increased Spending on Education, Housing, Veterans, and More
President Biden’s request for discretionary funding for fiscal year 2022 would substantially increase funding for nondefense programs.
Read MoreInvestment vs. Consumption: How Well are We Preparing for Our Future?
The US currently faces a range of complex challenges including deteriorating infrastructure, a changing climate, and an inadequate system of education.
Read MoreWhat Is the Difference Between a Corporation and a Pass-Through Business — and Why Does It Matter for Our Economy and Budget?
When most Americans think about businesses in this country, the word “corporation” may come to mind — but the vast majority of businesses in the United States are not structured as traditional corporations, but as pass-through entities.
Read MorePresident Biden’s Budget Would Pay for New Spending — But Doesn’t Address the Debt He Inherited
The President’s fiscal year 2022 budget calls for a large increase in nondefense discretionary spending next year.
Read MoreHow Does Climate Change Affect the Federal Budget?
Climate change and its effects already impose a cost on the American economy and the federal budget.
Read MoreHow Has the Coronavirus Pandemic Affected Federal Spending on SNAP?
Since April 2020, the federal government has spent an average of $9 billion per month on SNAP.
Read MoreIt’s Been 28 Years Since We Last Raised the Gas Tax, and Its Purchasing Power Has Eroded
The decline in purchasing power has important implications for the federal budget and our nation’s infrastructure.
Read More