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Latest Articles
United States Is Borrowing at a Higher Rate than the Global Average, Warns IMF
New IMF reports serve as a warning to all countries that global fiscal and economic conditions are veering into dangerous territory.
News from the Quarterly Treasury Refunding Statement
As borrowing has risen, the Treasury has generally been increasing the proportion of bills (maturity of one year or less) in its portfolio of marketable securities.
Quiz: How Much Do You Know About the U.S. Tax System?
The lengthy and complex United States tax code can be difficult to understand. Take our quiz to see how much you really know.
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May 21, 2025
Quiz: How Much Do You Know About the U.S. Tax System?
The lengthy and complex United States tax code can be difficult to understand. Take our quiz to see how much you really know.
May 9, 2025
No Tax on Social Security Would Weaken Both Social Security and Medicare
Republicans in Congress are considering several new tax cuts that would reduce federal revenues by trillions of dollars over the next decade.
Apr 14, 2025
Infographic: How the U.S. Tax System Works
One issue that most lawmakers and voters agree on is that our tax system needs reform.
Apr 4, 2025
No Taxes on Tips Would Drive Deficits Higher
Eliminating taxes on tips would increase deficits by at least $100 billion over 10 years. It could also could turn out to be a bad deal for many workers.
Feb 21, 2025
Tax Cuts Then and Now: The Debt Is Much Higher
The United States was in a more sustainable fiscal position when lawmakers previously enacted tax cuts.
Feb 20, 2025
What Is a Wealth Tax, and Should the United States Have One?
Proponents of the wealth tax argue that it could help address rising wealth and income inequality while also generating revenues.
Feb 7, 2025
What Are Refundable Tax Credits?
The cost of refundable tax credits has grown over the past several years, with the number and budgetary impact of the credits increasing.