Analysts Agree: House and Senate Tax Bills Would Add Substantially to the Debt
Several independent organizations have analyzed the current tax reform proposals. They are unanimous in projecting that it would add to our national debt.
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Several independent organizations have analyzed the current tax reform proposals. They are unanimous in projecting that it would add to our national debt.
The U.S. collects less revenue as a share of GDP than several other high-income countries such as Japan, Canada, the United Kingdom, and Germany.
https://www.pgpf.org/blog/2016/04/the-us-tax-burden-is-low-compared-to-most-advanced-economies
CBO now expects interest rates over the next two years to be higher than previously anticipated, according to new data released on December 15.
A group of respected policy experts share their views on how a bipartisan fiscal commission could help break the cycle of governing by crisis.
A key part of the Biden administration’s policy agenda in 2021 relates to our nation’s energy policy, and in particular, there have been important debates among policymakers about how we use the tax code to incentivize economically and environmentally beneficial behavior.
While the capital gains tax affects anyone selling a capital asset, higher-income individuals are typically subject to the tax more so than average Americans.
The decline in purchasing power has important implications for the federal budget and our nation's infrastructure.
As more time passes since enactment, and as more data become available, economists continue to weigh in with analyses of the TCJA’s effects.
The general consensus among economists is that the long-term effects of the TCJA will be higher debt and little change to underlying economic growth.
The bill as written would move up the date we return to trillion dollar deficits by two years, to 2020.