FISCAL BLOG

The International Monetary Fund (IMF) recently released the fall edition of its 2018 World Economic Outlook, a periodic report examining the global economy. Although the report forecasts continued growth for at least the next year, broader trends indicate that many economies, both advanced and developing, can expect a slowdown in the not-so-distant future.

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A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.

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Trillion-dollar annual deficits not seen since the Great Recession are expected to return as soon as next year, and when that happens, American taxpayers will be paying an average of $1 billion per day in interest costs on the national debt.

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Corporate tax receipts dropped by 31 percent in 2018 — an unprecedented decline during a time of economic growth. The Tax Cuts and Jobs Act is responsible for the plunge.

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Other than during the recent recession caused by the financial crisis and its aftermath, the U.S. government has never witnessed deficits that exceeded $1 trillion.

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SNAP is the largest federal program aimed at combating hunger and food insecurity among low-income Americans.

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Income levels for Americans vary across geography, race, and gender.

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Child poverty reduced the size of the U.S. economy by an estimated $1 trillion dollars, or 5.4 percent of gross domestic product, in 2015, according to a new study.

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Recent research has found that Social Security is more effective at reducing poverty than previously believed. Without income from Social Security, two thirds of the elderly would be considered poor.

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Capital gains are taxed at a lower marginal rate than ordinary income, but the value of that sale is not currently adjusted for inflation.

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Why Fiscal Issues Matter in the 2018 Election

This election season is a critical opportunity for candidates to talk to voters about solutions to put us on a better path.

FISCAL ISSUES ILLUSTRATED

This series of infographics helps put some of today's most pressing fiscal debates in context.