The Current Federal Deficit and Debt
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2024, charted out monthly and on a year-over-year basis.
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Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2024, charted out monthly and on a year-over-year basis.
In 2017, Congress and the President enacted the Tax Cuts and Jobs Act (TCJA), which made significant changes to the tax code for individuals and corporations.
https://www.pgpf.org/blog/2024/03/the-next-fiscal-cliff-big-tax-decisions-to-make-in-2025
The report focuses on the fiscal conditions in six heavily populated states which together account for a third of the nation's population and almost 40 cents of every dollar in spending by state and local governments.
https://www.pgpf.org/analysis/state-budget-crisis-task-force
There are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress.
Significant damage was done to America’s fiscal outlook over the past year.
Tax expenditures can come in the form of exclusions, exemptions, deductions, and credits.
The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.
https://www.pgpf.org/budget-basics/what-is-the-earned-income-tax-credit
The federal government finances its operations with taxes, fees, and other receipts collected from many different sectors of the economy.
https://www.pgpf.org/finding-solutions/understanding-the-budget/revenues
A panel of experts discussed the potential for a well-designed carbon tax to play a role in putting our nation on a more sustainable fiscal path.
Tax reform done right will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook.