What is a Wealth Tax, and Should the United States Have One?
A wealth tax would impose a levy on assets owned by an individual or household — as opposed to, for example, an income tax.
Read MoreStrengthening Medicare: Options to Reduce Costs
There are different ways to reduce Medicare spending, and any reform option that reduces Part A costs would help extend the longevity of the HI Trust Fund.
Read MoreFour Reasons Why a Government Shutdown is Harmful
It may be counterintuitive, but government shutdowns are expensive. They are also bad for the economy.
Read MoreHow Does Inflation Affect the Federal Budget?
Rising inflation usually prompts higher interest rates, which in turn boost interest paid on the federal debt and thereby increase annual deficits.
Read MoreThree Key Things to Know about CHIP
The Children’s Health Insurance Program is a key piece of the social safety net. Let’s take a look at what CHIP is, how it is financed, and who benefits from it.
Read MoreWhat Are Automatic Stabilizers and How Do They Affect the Federal Budget?
To better respond to business cycle fluctuations, many important programs in the federal budget automatically adjust spending based on economic conditions.
Read MoreCan We Raise the Retirement Age and Protect Vulnerable Workers?
Unless lawmakers act, Social Security beneficiaries could soon see significant cuts in benefits.
Read MoreSocial Security’s Funding Gap is 1.3% of GDP — Here’s How We Can Close It
Social Security is an integral part of the nation’s fiscal picture and a vital economic lifeline for millions of recipients.
Read MoreHow Can We Reduce Unnecessary Healthcare Spending in the US?
In 2021, health spending in the United States totaled $4.3 trillion and averaged nearly $13,000 per person.
Read MoreWhat Is Fiscal Policy? Interactive Teaching Tools
Many Americans, young and old, may be confused by the complex set of issues that comprise how the government raises revenues and allocates them.
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