President Biden’s Budget Calls for Raising $4.3 Trillion in Revenues Over Ten Years — Here’s How
The President's budget includes a number of tax proposals that would increase revenues and reduce spending by $4.3 trillion over the next 10 years.
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The President's budget includes a number of tax proposals that would increase revenues and reduce spending by $4.3 trillion over the next 10 years.
Federal debt is already at its highest level since 1950 and is projected to climb to 152 percent of GDP under current law by 2048 — by far an all-time high.
https://www.pgpf.org/blog/2018/06/four-key-takeaways-from-the-cbo-2018-long-term-outlook
Federal debt is already at its highest level since 1950 and is projected to climb to an all-time high.
https://www.pgpf.org/blog/2017/03/four-key-takeaways-from-the-cbo-long-term
GAO projects debt held by the public would more than double over the next 30 years.
A group of respected policy experts share their views on how a bipartisan fiscal commission could help break the cycle of governing by crisis.
Debt was raised at the debates, but the candidates missed the opportunity to lat out their visions.
https://www.pgpf.org/blog/2016/10/fiscal-news-for-october-and-the-month-ahead
Learn more about the Peter G. Peterson Foundation in our 2012-2014 Progress Report, which highlights our work over the past three years.
While this budget would be a step in the right direction, it does not adequately address the underlying structural imbalance that defines our fiscal outlook.
There are separate limits on the amount of funding that can be provided for defense and nondefense purposes through the appropriation process.
https://www.pgpf.org/blog/2018/03/budget-process-reform-what-are-budget-caps
Significant majorities of voters across party lines agree that a commission would strengthen Social Security, lower borrowing costs, and improve our economic outlook.