Highway and Transit Outlays Outstripping Inflows
Federal outlays for highways and mass transit are projected to continue outstripping the revenues that finance them.
https://www.pgpf.org/chart-archive/0283-outlays-revenues-highways
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Federal outlays for highways and mass transit are projected to continue outstripping the revenues that finance them.
https://www.pgpf.org/chart-archive/0283-outlays-revenues-highways
Corporate tax revenues are substantially lower than they were before the tax rate was reduced by the TCJA.
https://www.pgpf.org/chart-archive/0304_corporate_tax_reduced_tcja
Most federal revenues come from individual income and payroll taxes
Corporate and individual tax expenditures are large in comparison to annual taxes collected, as well as to the government’s major programs.
https://www.pgpf.org/chart-archive/0054_tax-expenditures-comparison
Revenue from corporate income taxes has largely decreased since 1950.
https://www.pgpf.org/chart-archive/0303_corporate_tax_share_gdp
Unlike during other recessions, revenues from the capital gains tax have remained relatively steady throughout the COVID-19 pandemic.
https://www.pgpf.org/chart-archive/0317_capital_gains_revenues
“It’s rare to see bipartisan agreement on any issue, yet overwhelming majorities of American voters from both parties want their leaders to fully pay for this reconciliation package,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/08/fci-press-release
CBO projects that interest rates will remain low throughout the decade.
https://www.pgpf.org/chart-archive/0269_interest_rates_projected_to_rise
“Leaders from both parties have pledged to fully offset the cost of new spending, and voters want them to honor this commitment,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/07/fci-press-release