How Does the Capital Gains Tax Work Now, and What Are Some Proposed Reforms?
While the capital gains tax affects anyone selling a capital asset, higher-income individuals are typically subject to the tax more so than average Americans.
Read MoreBudget Basics: Medicare
Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.
Read More9 Facts About Social Security and the Need to Strengthen It
Social Security is an essential program for millions of Americans, but it’s at risk if lawmakers fail to take action to reform the program.
Read MoreBudget Basics: What Is Medicare Advantage?
The Medicare Advantage allows beneficiaries enrolled in both Part A and Part B to receive benefits from private plans.
Read MoreHere’s What We Know about Foreign-Born Workers, and How They Compare to the Native-Born Population
A substantial part of the labor force is foreign born, so an understanding of that population’s characteristics is key to understanding the overall economy.
Read MoreThe Federal Government’s Support for Low-Income Housing Expanded During the Pandemic
The federal government spent $67 billion on housing assistance in 2023, representing just over 1 percent of total federal outlays.
Read MoreInfographic: Spending on Prescription Drugs Has Been Growing Exponentially
The growing cost of prescription drugs presents a significant challenge to the quality and affordability of healthcare in the United States.
Read MoreThe Highway Trust Fund Explained
The funding structure of the Highway Trust Fund requires serious, long-term changes, but how to approach reform remains a topic of debate.
Read MoreBudget Basics: What Is the Earned Income Tax Credit?
The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.
Read MoreWhat Is the SALT Cap?
The deduction of state and local tax payments from federal income taxes has been a subject of debate among economists and policymakers over the past few years — with significant implications for our budget and fiscal outlook.
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