Budget Basics: Medicare
Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.
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Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.
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
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for February 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-february-2023
“It’s critical that budget proposals fully address the structural drivers of our debt in order to stabilize it over the long run," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2023/03/peterson-foundation-statement-on-presidents-budget
Earlier this year, the United States once again hit its debt ceiling, which is currently capped at $31.4 trillion.