Understanding Complex Budget Terms and Processes: What is Budget Reconciliation?
Reconciliation is a powerful process, whereby legislation drafted to meet those instructions has an easier path to passage.
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Reconciliation is a powerful process, whereby legislation drafted to meet those instructions has an easier path to passage.
Presently, revenues raised by the corporate income tax represent the third-largest category of federal tax revenue in the United States, trailing those generated from the individual income and payroll taxes.
https://www.pgpf.org/budget-basics/the-us-corporate-tax-system-explained
Here’s an overview of inflation, why it matters, and how it’s managed.
https://www.pgpf.org/budget-basics/what-is-inflation-and-why-does-it-matter
CBO plays a vitally important role in the federal budget process.
In light of the growing urgency of the climate crisis, many lawmakers, advocacy groups, and American citizens are calling for the government to undertake policies to more comprehensively address climate change.
https://www.pgpf.org/budget-basics/what-is-a-carbon-tax-how-would-it-affect-the-economy
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 National Flood Insurance Program (NFIP) is run by the federal government to reduce the impact of flooding on private and public structures.
https://www.pgpf.org/budget-basics/the-national-flood-insurance-program
Broadband is an indispensable tool for aspects of everyday life such as employment, education, and healthcare. As a result, federal policymakers have prioritized funding it.
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For more information about America’s fiscal challenge and potential solutions, visit the Peter G. Peterson Foundation at www.pgpf.org. The following websites also provide a wealth of information on the U.S. budget and various policy areas.
https://www.pgpf.org/budget-basics/state-of-the-unions-finances/learn-more
A key assessment of poverty in America is the Official Poverty Measure (OPM), which is calculated by the United States Census Bureau using a range of income and economic data.
https://www.pgpf.org/budget-basics/how-do-we-measure-poverty-and-is-there-a-better-way-to-do-it