Analysis: Higher Interest Rates & the National Debt
There will be a number of consequences from a gradual increase in the federal funds rate over time.
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There will be a number of consequences from a gradual increase in the federal funds rate over time.
Cracking down on the tax gap would not only introduce more fairness into the system, but it could be a big help for our nation’s fiscal imbalance.
The lawmakers we choose this November will face critical fiscal and economic decisions in the next two, four, and six years.
https://www.pgpf.org/infographic/the-fiscal-election-whats-at-stake-in-this-election
Following the 2017 tax reform, the federal statutory corporate tax rate in the United States is now more in line with many other OECD countries.
https://www.pgpf.org/chart-archive/0273_statutory_corporate_income_tax_rates
Blacks and Hispanics have much higher poverty rates than other groups.
The percentage of children without health insurance has declined since 1997.
Many options exist to reduce the imbalance between spending and revenues, including additional taxes on wealthier Americans.
https://www.pgpf.org/blog/2023/04/five-different-ways-of-raising-taxes-on-the-wealthiest-americans
CBO projects that interest rates will remain low throughout the decade.
https://www.pgpf.org/chart-archive/0269_interest_rates_projected_to_rise
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 Fiscal Confidence Index is a national survey that measures public opinion about the national debt.