FISCAL BLOG

In conjunction with this month's 2016 Fiscal Summit: Leadership for a Secure Future, PGPF has released its new Chart Pack update for May. Download the Pack in PDF format and visit the PGPF Charts Archive to browse all of the Foundation's originally-researched charts, graphs, and tables. (Feel free to use/reproduce, with attribution to "Peter G. Peterson Foundation"

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The new monthly results from PGPF's Fiscal Confidence Index survey were released today. The FCI Value for April 2016 is 49 (100 is neutral), indicating voters’ desire to see candidates during this year's election season put forward plans to address our long-term fiscal challenges.

PGPF President & CEO Michael A. Peterson commented on this month's results:

"As candidates make their case to voters nationwide, it's
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The United States has one of the lowest total tax burdens among advanced nations.

The tax revenue collected by the federal, state and local governments in the U.S. each year is about a quarter of the nation’s gross domestic product (GDP). This is less, as a share of GDP, than the revenues collected in several other high income countries, including Japan, Canada, the United Kingdom, Germany, Italy and France.

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Major tax expenditures — such as lower rates on capital gains and dividends, deductions for charitable contributions, deductions for state and local taxes, and the mortgage interest deduction — tend to benefit high income taxpayers more than lower income groups.

The Congressional Budget Office estimates that the top quintile of taxpayers receive 51% — around $445 billion — of the value of major tax expenditures, while only 8% —

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Too often, debates about the federal tax code confuse or misrepresent important facts because they focus on only one part of our federal tax system — usually the individual income tax — and ignore the fact that Americans pay many other taxes.

Viewed in aggregate, our tax system is generally progressive, with higher-income taxpayers paying a larger share of their income in taxes than lower income groups. However, taxpayers at different ends

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PGPF has released the April 2016 update for its Chart Pack, Selected Charts on the Long-Term Fiscal Challenges of the United States. Download the Pack in PDF format and visit the PGPF Charts Archive to browse all of the Foundation's originally-researched charts, graphs, and tables. (Feel free to use/reproduce, with attribution to "Peter G. Peterson Foundation" along with the pgpf.org hyperlink.)

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The new monthly results from PGPF's Fiscal Confidence Index survey were released today. The FCI Value for March 2016 is 51 (100 is neutral), indicating that the nation’s fiscal future is a top priority for American voters.

PGPF President & CEO Michael A. Peterson commented on this month's results:

"Americans understand that getting our fiscal house in order is essential to securing a more prosperous economic future
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Both Democratic and Republican voters want the presidential candidates to take to make the debt a larger campaign issue, according to recent polls conducted by Global Strategy Group and North Star Opinion Research. Voters widely agree (79%) that a presidential candidate from their party should make the national debt one of the top three priorities of his or her campaign, including overwhelming majorities of Democrats (71%) and Republicans (92%).

Voters want to hear more about the national debt

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PGPF has released the March 2016 update for its Chart Pack, Selected Charts on the Long-Term Fiscal Challenges of the United States. Download the Pack in PDF format and visit the PGPF Charts Archive to browse all of the Foundation's originally-researched charts, graphs, and tables. (Feel free to use/reproduce, with attribution to "Peter G. Peterson Foundation" along with the pgpf.org hyperlink.)

Read More

The new monthly results from PGPF's Fiscal Confidence Index survey were released today. The FCI Value for February 2016 is 51 (100 is neutral), indicating that the nation’s fiscal future is a top priority for American voters.

PGPF President & CEO Michael A. Peterson commented on this month's results:

"As primary season continues, voters are calling for greater attention on our long-term fiscal challenges. Americans
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ASK FOR A PLAN

The national debt threatens our economy — but there’s still time to secure our future. Learn more, and ask the 2016 candidates for their fiscal plan.

THE TAX REFORM OPPORTUNITY

Video: Our tax code is complex, unfair, and insufficient. Learn more about the opportunity we have to reform and improve tax policy.