The Congressional Budget Office updated its budget projections this week, confirming that for the first year since 2009, deficits as a share of GDP are on the rise again.
Part of the problem when discussing America’s long-term debt is that it is often confused with short-term deficits.
Projections of the long-term budget outlook have deteriorated significantly since last year, largely stemming from the “tax extenders” legislation enacted at the end of 2015.
The number one financial worry for Americans is having enough money for retirement — and for good reason.
The next president will face complex fiscal and economic realities.
The United States collects less revenue as a share of GDP than several other high-income countries, including Japan, Canada, the United Kingdom, Germany, Italy, and France.
Major tax expenditures tend to benefit high income taxpayers more than lower income groups.
Viewed in aggregate, our tax system is generally progressive.
79% agree that a presidential candidate from their party should make the debt one of the top 3 priorities of his or her campaign.
Soaring from $255 billion in 2016 to $830 billion in 2026.