Opportunities for Bipartisan Fiscal Policy in 2023
"Sound fiscal policy can make it easier for the Fed to bring inflation down without pushing the economy into a recession," writes Ben Ritz.
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"Sound fiscal policy can make it easier for the Fed to bring inflation down without pushing the economy into a recession," writes Ben Ritz.
As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries.
Eight popular tax provisions accounted for a large majority of annual tax expenditures.
https://www.pgpf.org/chart-archive/0009_largest-tax-expenditures
The top 1 percent of taxpayers generate 30 percent of individual income tax revenues.
The top 1 percent of taxpayers receive 19 percent of the benefit from individual income tax expenditures.
Lawmakers have enacted a total of 128 continuing resolutions over the past 25 fiscal years.
https://www.pgpf.org/chart-archive/0228_continuing_resolutions
"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.
"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.
Blacks and Hispanics have much higher poverty rates than other groups.