FISCAL BLOG

Let’s take a closer look at the key components of the Senate Republican infrastructure proposal, highlighting some of the differences between it and the American Jobs Plan in terms of scope and potential pay-fors.

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The administration and Congress have suggested adding new sources of revenue through various types of taxation of wealth.

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While investing in a college education has undeniable, lifelong economic benefits, excessive levels of student debt can impose hefty financial burdens on borrowers.

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Economists don’t always agree — but there is a wide consensus developing that the United States is in store for rapid economic growth.

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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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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.