The National Debt Can Crowd Out Investments in the Economy — Here’s How
The federal government is slated to borrow about $1.5 trillion this year, and that number is projected to nearly double over the next decade.
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The federal government is slated to borrow about $1.5 trillion this year, and that number is projected to nearly double over the next decade.
The child tax credit (CTC) is a measure administered though the tax code that is designed to make raising children more affordable by easing the financial burden faced by families.
https://www.pgpf.org/budget-basics/what-is-the-child-tax-credit
Interest costs are on track to become the largest category of spending in the federal budget.
https://www.pgpf.org/budget-basics/what-are-interest-costs-on-the-national-debt
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
Medicaid’s role in state budgets is unique, since the program acts as both an expenditure and the largest source of federal support in state budgets.
https://www.pgpf.org/budget-basics/budget-explainer-how-do-states-pay-for-medicaid
Tax expenditures can come in the form of exclusions, exemptions, deductions, and credits.
This budget explainer describes what Medicaid is, how it is financed, and who benefits from it.
https://www.pgpf.org/budget-basics/budget-explainer-medicaid
Understanding what’s happening on Capitol Hill requires an understanding of the Congressional budget process — which is notoriously technical, complex and arcane.
Earmarks have been controversial, but nevertheless were reinstated by Congress in 2021 after a 10-year moratorium.
The Byrd Rule restricts what can be included in reconciliation legislation in the Senate.