FISCAL BLOG

Independent analyses agree unanimously that either bill would add significantly to the growing national debt.

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The total cost of the Tax Cuts and Job Act is estimated to be $1.7 trillion between 2018 and 2027.

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The statutory tax rate is the percentage imposed by law; the effective tax rate is the percentage of income actually paid by an individual or a company after taking into account tax breaks.

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The bill as written would move up the date we return to trillion dollar deficits by two years, to 2020.

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Lawmakers should pursue policies that don’t make our fiscal outlook even worse.

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The federal budget deficit rose to $666 billion for fiscal year 2017 — an increase of around $80 billion from the previous year.

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Lawmakers unveiled a tax overhaul framework recently, outlining a number of changes to individual and corporate taxes.

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The official poverty rate in 2016 was 12.7%, down from 13.5% in 2015 — bringing it back to pre-recession poverty levels.

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Lawmakers have unveiled a tax overhaul framework, outlining a number of changes to individual and corporate taxes.

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Debates over the debt ceiling and government shutdowns can be confusing, particularly in years when lawmakers must fund the government and raise the debt limit around the same time.

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Ten Year Report

A decade of work addressing America's fiscal challenges to secure a healthy, growing economy.

FISCAL ISSUES ILLUSTRATED

This series of infographics helps put some of today's most pressing fiscal debates in context.