Budget Basics: How Does Social Security Work?
Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.
https://www.pgpf.org/budget-basics/how-does-social-security-work
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Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.
https://www.pgpf.org/budget-basics/how-does-social-security-work
Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.
Projects to address testing, schooling mode impacts, misinformation and vaccine passports will receive $226,536 in research support from Peterson Foundation fund.
The percentage of income that Americans pay in taxes can vary widely and depend on many factors.
The Peterson Foundation works to bring Americans together to find and implement sensible, long-term solutions for our country’s fiscal and economic challenges.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for March 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-march-2023
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
“These new Trustee reports make clear that when it comes to the future of Social Security and Medicare, doing nothing is simply not an option," said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/03/peterson-foundation-statement-on-trustees-reports
“Voters understand that making progress on our national debt would help their economic prospects,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2023/03/30/fci-press-release
One issue that most lawmakers and voters agree on is that our tax system needs reform.
https://www.pgpf.org/infographic/how-the-us-tax-system-works