A Healthy Democracy to Support Effective Policymaking
The Peterson Foundation works to bring Americans together to find and implement sensible, long-term solutions for our country’s fiscal and economic challenges.
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The Peterson Foundation works to bring Americans together to find and implement sensible, long-term solutions for our country’s fiscal and economic challenges.
Compared to historical trends and other advanced economies, corporate tax revenues in the United States are low.
With the national debt surpassing $31 trillion, the next generation of American leaders is making its voice heard.
"No party, or even individual member, has bragging rights when it comes to advocating for, or making progress on, reducing the deficit and debt," writes Heidi Heitkamp.
"Sound fiscal policy can make it easier for the Fed to bring inflation down without pushing the economy into a recession," writes Ben Ritz.
"When it comes time to start looking under the sofa cushions for savings, Congress should treat direct spending and tax expenditures equally," writes Betsey Stevenson.
These charts tell the fiscal story of 2022 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
With a divided government, an opportunity exists for lawmakers to seek and find common ground on the nation’s pressing fiscal and economic challenges.
The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2022