FISCAL BLOG

In response to the COVID-19 pandemic, elected leaders have asked the American people to stay at home and have forced businesses to close to mitigate the spread of the virus.

Compared to historical trends and other advanced economies, corporate tax revenues in the United States are at very low levels.

The recent outbreak of COVID-19 has caused a severe public health crisis as well as substantial economic disruption for every American.

Healthcare in the United States is very expensive — but we don’t get what we pay for.

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

Tax breaks totaled nearly $1.5 trillion in 2019. To put that in perspective, that’s more than the government spends on Social Security, defense, or Medicare.

A number of current and former candidates have suggested adding new sources of revenue through various types of taxation of wealth.

Some lawmakers favor substantial increases to marginal tax rates. Let’s look at how marginal tax rates and brackets work.

A wealth tax would impose a levy on assets owned by an individual or household — as opposed to, for example, an income tax.

As the 2020 campaign season swings into gear, the national debate about taxes — including tax rates, tax types, and tax fairness — is gaining prominence.