Analysis: Congress Passes Costly & Unfunded Tax Legislation
The legislation is fiscally irresponsible and will add significantly to America's national debt.
https://www.pgpf.org/analysis/congress-passes-costly-and-unfunded-tax-legislation
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The legislation is fiscally irresponsible and will add significantly to America's national debt.
https://www.pgpf.org/analysis/congress-passes-costly-and-unfunded-tax-legislation
Peter G. Peterson releases a statement on reports of supercommittee failure to reach an agreement.
The latest Financial Times-Peterson Foundation US Economic Monitor reveals that the coronavirus pandemic is financially impacting the vast majority of Americans, and there is broad-based support for federal response measures.
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
Amid ongoing negotiations in Washington since the expiration of key relief programs, 89% of voters say that America needs another coronavirus economic aid package, according to the latest Financial Times-Peterson Foundation US Economic Monitor.
Similar to previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.
All three budget plans achieve deficit reduction within the 10-year window relative to current law, though they make different choices on revenues and spending levels for particular programs and achieve different results.
The United States, by far, spends the greatest amount on military (in nominal terms) than any other country.
https://www.pgpf.org/analysis/why-defense-matters-for-deficit-reduction
In May, the Administration released details for the proposed American Jobs Plan. It would be a massive investment in a range of national priorities including transportation, climate change, caregiving, and housing.
https://www.pgpf.org/infographic/what-is-in-the-american-jobs-plan
The Peter G. Peterson releases a new analysis and infographic to help illustrate and define the nation's ongoing long-term fiscal challenges.