Statement from Foundation Chairman, Pete Peterson, on the President’s Remarks
“It’s encouraging to hear that the President and Congressional leaders will be meeting next week to discuss the urgent fiscal issues facing the country. Since the election, we’ve heard positive signs that our leaders in Washington are moving toward compromise.
The fiscal cliff represents an important moment of opportunity — the wide consensus against the cliff can be the foundation for agreement on a bipartisan long-term fiscal plan. With the elections over, it’s time to get down to work on a comprehensive plan that protects the economy in the short term and stabilizes debt over the long term.”
Further Reading
How Does the U.S. Healthcare System Compare to Other Countries?
Despite higher healthcare spending, America’s health outcomes are not any better than those in other developed countries.
Six Charts That Show Why Corporate Tax Revenues are Low in the U.S. Right Now
Compared to historical trends and other advanced economies, corporate tax revenues in the United States are low.
The U.S. Corporate Tax System Explained
Revenues raised by the corporate income tax represent the third-largest category of federal revenues in the United States.