FISCAL BLOG

Monthly Archive for April 2021

The continued economic recovery and reopening of businesses has been fueled by COVID relief programs and an accelerating vaccination effort.

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

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Despite the consensus among economists that some amount of inflation is likely to occur in the near term, their level of concern varies.

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Even before the COVID-19 pandemic, 1 in 7 children were classified as being in poverty.

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Generally, states with larger populations have been receiving more federal dollars from COVID-19 relief programs as such states typically have more unemployed persons, small businesses, and healthcare providers to which that relief has been targeted.

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One key component of the $1.9 trillion package is an estimated $362 billion in federal aid to state, local, territorial, and tribal governments to cover expenditures incurred due to the public health emergency.

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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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Cracking down on the tax gap would not only introduce more fairness into the system, but it could be a big help for our nation’s fiscal imbalance — to the tune of hundreds of billions of dollars every year.

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America’s small businesses have been severely impacted by the economic downturn caused by the pandemic — and lawmakers have focused a significant part of federal relief on helping this critical part of our economy.

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The number of individuals experiencing long-term unemployment (lasting 27 weeks or longer) has quadrupled during the coronavirus (COVID-19) pandemic.

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What Does the Debt Mean for Our Future?

We all have a responsibility to build a brighter fiscal and economic future for the next generation.

National Debt Clock

See the latest numbers and learn more about the causes of our high and rising debt.