Corporate Tax Receipts Took an Unprecedented Drop This Year
Corporate tax receipts dropped by 31% in 2018 — an unprecedented decline during a time of economic growth. Explore what's responsible for the plunge.
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Corporate tax receipts dropped by 31% in 2018 — an unprecedented decline during a time of economic growth. Explore what's responsible for the plunge.
The decline in purchasing power has important implications for the federal budget and our nation's infrastructure.
A wealth tax would impose a levy on assets owned by an individual or household — as opposed to, for example, an income tax.
https://www.pgpf.org/blog/2023/10/what-is-a-wealth-tax-and-should-the-united-states-have-one
The Tax Cuts and Jobs Act will lower revenues significantly and made changes to both tax rates and bracket widths.
https://www.pgpf.org/blog/2018/03/how-tax-cuts-are-affecting-revenues-and-rates
Lawmakers should pursue policies that don’t make our fiscal outlook even worse.
https://www.pgpf.org/blog/2017/10/tax-cuts-then-and-now-the-debt-is-much-higher
Last year's tax legislation was a key opportunity to simplify the tax code, but the TCJA actually increased the number of tax breaks.
To illuminate what the latest economic indicators mean, connect the dots, and discuss how CBO analysis helps policymakers, CBO Director Phillip Swagel joined Peterson Foundation CEO Michael Peterson for the latest Economic Forum.
Last year's tax cuts have had significant implications for the federal budget, our economy, and every family and business in the country.
https://www.pgpf.org/blog/2018/10/five-things-that-we-have-learned-since-the-tax-cuts-were-enacted
The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.
Piling on more debt can harm our economy by crowding out private investment, reducing our fiscal flexibility, and lowering confidence and certainty.
https://www.pgpf.org/blog/2017/11/why-you-should-care-that-tax-cuts-add-to-the-national-debt