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Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today following the release of the Monthly Treasury Statement, which showed a deficit of $234 billion.
Estate and gift taxes are levied on the transfer of assets. Two areas of the tax code that are relatively small in dollar terms, but can generate a significant amount of attention and even controversy in the broader conversation about wealth.
https://www.pgpf.org/budget-basics/what-are-estate-and-gift-taxes-and-how-do-they-work
“The coronavirus outbreak is an unprecedented national emergency, and we need to respond aggressively to address both the public health crisis and the economic risk,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“Today’s budget proposal relies on optimistic projections for economic growth and unlikely budget cuts to illustrate deficit reduction,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
This project explores issues of race and identity by studying how multiracial legislators view the relationship between their racial backgrounds and their legislative duties. The findings from this research will provide insight into the future political representation of minority communities.
https://www.pgpf.org/us-2050/research-projects/The-Multiracial-Legislator-Dis-Advantage
This paper examines the political and economic motivations citizens of Mexico, China and India have to migrate to the US, as well as the role that American political institutions play in determining who immigrates here. It highlights US immigration policies as playing the primary role in determining the flow of immigrants to the US, particularly for India and China. While immigration from Mexico is in part determined by policy, there is evidence that economic and network factors matter as well.
The 2014 mid-term elections may be over, but America's long-term fiscal and economic challenges remain.
https://www.pgpf.org/analysis/lame-duck-deadlines-and-long-term-priorities
How do the House Budget and the President’s Budget differ?
This project follows working-age adults over time to understand how economic, demographic and policy changes are impacting their retirement preparation. It also projects their financial outcomes at older ages to understand the implications of these changes on their future retirement security.