The Federal Government’s Support for Low-Income Housing Expanded during the Pandemic
The federal government spent $90 billion on housing assistance in 2021, an increase of almost 70 percent from the preceding year.
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The federal government spent $90 billion on housing assistance in 2021, an increase of almost 70 percent from the preceding year.
Average income among households in the lowest fifth of the income distribution was $21,900, while income for households in the highest fifth averaged $357,800.
https://www.pgpf.org/blog/2024/01/5-facts-about-rising-income-inequality-in-the-united-states
Income levels for Americans vary across geography, race, and gender.
https://www.pgpf.org/blog/2023/11/income-and-wealth-in-the-united-states-an-overview-of-recent-data
Tax breaks totaled over $1.8 trillion in 2023. To put that in perspective, that’s more than the government spends on Social Security, defense, or Medicare and Medicaid.
https://www.pgpf.org/blog/2023/12/eight-of-the-largest-tax-breaks-explained
Despite lawmakers’ claims, analysts anticipate that a large portion of the spending called for by the infrastructure package will need to be deficit financed.
https://www.pgpf.org/blog/2023/08/bipartisan-infrastructure-bill-less-than-40-percent-paid-for
Healthcare in the United States is very expensive — but we don’t get what we pay for.
https://www.pgpf.org/blog/2023/07/why-the-american-healthcare-system-underperforms
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
The possibility of raising the corporate tax rate has spurred a debate among economists and policymakers about the optimal corporate income tax rate to balance revenue generation and U.S. competitiveness.
https://www.pgpf.org/blog/2021/10/should-the-corporate-income-tax-rate-be-raised
While nearly all Americans pay taxes, the composition of the type of taxes paid is very different for taxpayers at various points in the income distribution.
https://www.pgpf.org/blog/2020/07/how-does-the-tax-system-work
The benefits from tax breaks do not flow equally to households of different income levels.
https://www.pgpf.org/blog/2022/03/who-benefits-more-from-tax-breaks-high-or-low-income-earners