Should We Eliminate the Social Security Tax Cap?
There have been a number of proposals to increase, eliminate, or otherwise adjust the payroll tax cap as a way to shore up Social Security’s finances.
Read MoreWould Increased Funding for the IRS Narrow the Tax Gap?
Nearly half a trillion dollars in taxes go uncollected every year. Can increased funding for the IRS bring in more federal revenues?
Read MoreWhat Is Fiscal Policy? Interactive Teaching Tools
Many Americans, young and old, may be confused by the complex set of issues that comprise how the government raises revenues and allocates them.
Read MoreHow the Lack of Action on the Debt Ceiling Can Hurt the Economy
Even though the government has never defaulted, the continued pattern of brinksmanship has negative consequences for our economy.
Read MorePayroll Taxes: What Are They and What Do They Fund?
Most working Americans are subject to payroll taxes, which are usually deducted automatically from an employee’s paycheck. Employers are also often subject to these types of taxes.
Read MoreBudget Basics: Who Pays Taxes?
The fairness of our federal tax system is a hotly debated issue. Too often, however, those debates confuse or misrepresent important facts.
Read MoreThree Major Challenges to Retirement Security
The top financial worry for Americans is having enough money for retirement — and for good reason.
Read MorePresident Biden’s Policies Would Reduce Deficits by Trillions if Enacted — But Debt Would Still Climb
President Biden’s proposed policies, if enacted, would reduce deficits over the next decade, according to an analysis recently published by the Congressional Budget Office (CBO).
Read More$1 Trillion Deficits Are Projected for the Foreseeable Future
The federal deficit is projected to be over $1 trillion each year for the next 10 years, according to the Office of Management and Budget.
Read MoreThe Ratio of Workers to Social Security Beneficiaries Is at a Low and Projected to Decline Further
Social Security has been a cornerstone of economic security for almost 90 years, but the program is on unsound footing.
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