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The recent contentious budget battles have contributed to a decline in the public's faith in the political system. A new report suggests a way forward.
https://www.pgpf.org/blog/2016/12/six-ideas-to-improve-the-budget-process
Lower levels of debt allow governments to respond more effectively to a recession or financial crisis.
With our economy in recovery, the national debt rising unsustainably, the country still grappling with a devastating pandemic, and lawmakers pursing significant new legislation, America faces many critical questions for its future. To shed light on the best way forward, two top economists participated in a panel discussion as part of the latest edition of the Peterson Foundation Economic Forum.
The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.
Over the weekend President Trump signed executive actions related to unemployment insurance, payroll tax relief, student debt, and housing evictions.
https://www.pgpf.org/blog/2020/08/coronavirus-executive-order-highlights-our-broken-budget-process
When most Americans think about businesses in this country, the word “corporation” may come to mind — but the truth is that the vast majority of businesses in the United States are not structured as traditional corporations, but as pass-through entities.
The President’s budget for fiscal year 2022 calls for a large increase in nondefense discretionary spending next year as well as substantial spending for infrastructure and social programs over the upcoming decade.
While nearly all Americans pay taxes, the composition of the type of taxes paid is very different for taxpayers at various points in the income distribution.
https://www.pgpf.org/blog/2020/07/how-does-the-tax-system-work
The latest OMB report marks the first time that the administration has acknowledged that deficits will surpass $1 trillion in the near term.
https://www.pgpf.org/blog/2018/07/trump-administration-acknowledges-trillion-dollar-deficits
Real GDP could have contracted by an annualized 46.2 percent in the second quarter if there had not been any fiscal response.
https://www.pgpf.org/blog/2023/04/how-did-the-fiscal-response-to-the-coronavirus-help-the-economy