The official unemployment rate was 4.4 percent in March 2020, up from 3.5 percent in February. That increase was the largest of any month since January 1975.
High healthcare spending is not necessarily a bad thing, especially if it leads to better health outcomes. However, that is not the case in the United States.
As the United States borrows a significant amount of money to respond to the COVID-19 pandemic, let’s take a closer look at a few key characteristics of Treasury borrowing that can affect its budgetary cost.
Compared to historical trends and other advanced economies, corporate tax revenues in the United States are at very low levels.
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.