Peterson Foundation Statement on 2018 Midterm Election Results
Peterson Foundation Statement on 2018 Midterm Election Results
NEW YORK — Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today on the results of this week’s midterm elections:
“As policymakers begin to prepare for the new landscape in Washington, they have both a requirement and a valuable opportunity to work together on fiscal solutions. Divided government means we need bipartisanship to address America’s most critical challenges, including our rising national debt.
“When it comes to our national debt, Americans are in agreement — eight in 10 voters across party lines want the new Congress to prioritize and solve this issue.
“With the return to trillion-dollar deficits this year, and growing interest costs outpacing investments in our future, this new Congress can’t afford to turn its back on our national debt. It is essential to find a bipartisan path to build a fiscal foundation for continued economic growth and prosperity for the next generation.”
Further Reading
Budget Basics: What Is the Child Tax Credit?
The CTC provides assistance to families with children, and while it represents a relatively modest part of overall government spending, it is one of the largest tax expenditures.
Budget Basics: Tax Expenditures
Tax expenditures can come in the form of exclusions, exemptions, deductions, and credits.
What Are the Economic Costs of Child Poverty?
Child poverty is higher in the United States than in other wealthy countries. Studies show that it has quantifiable economic costs.