FISCAL BLOG

The new monthly results from PGPF's Fiscal Confidence Index survey were released today. The FCI value for June 2016 is 49 (100 is neutral), indicating the nation’s fiscal outlook remains a top issue for voters.

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

"Americans understand that putting the nation on a sustainable, long-term path is essential to securing our economic future. Voters
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The Fiscal Gap

A new report, prepared by Ernst and Young (EY) for the Peter G. Peterson Foundation, examines the federal government’s long-term fiscal outlook through the “fiscal gap” measure.

What is the Fiscal Gap?

The fiscal gap is an estimate of how much the government’s spending and debt obligations exceeds its revenues over a specified period of time. The fiscal gap is calculated by various government agencies—such as

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The number one financial worry for Americans, according to a recent Gallup poll, is having enough money for retirement — and for good reason. “Too many Americans are still not preparing adequately,” according to Securing Our Financial Future, a new report from the bipartisan

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The new monthly results from PGPF's Fiscal Confidence Index survey were released today. The FCI value for May 2016 is 49 (100 is neutral), indicating the nation’s fiscal outlook remains a top issue for voters.

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

"Americans understand that putting the nation on a sustainable, long-term path is essential to securing our economic future. Voters
Read More

The next president will face complex fiscal and economic realities. In just eight years, interest on the national debt will become the third-largest “program” in the federal budget. What steps can the next president take to ensure we have the resources necessary to invest in critical areas of our economy?

This year’s Fiscal Summit put

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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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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.