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The United States has a high corporate tax rate compared to other members of the G7.
Fixing our broken tax code would be an important step that would help our economy grow, make the system more transparent and fair, and improve our long-term fiscal outlook -- and the sooner we act to reform the tax system, the larger the benefits for investment and growth. Read more about Tax Reform Solutions.
Lawmakers have unveiled a tax overhaul framework, outlining a number of changes to individual and corporate taxes.
The Trustees warn that Congress and the Administration should work "with a sense of urgency" to put the program on a sustainable path.
Lawmakers unveiled a tax overhaul framework recently, outlining a number of changes to individual and corporate taxes.
Our most popular charts from 2016 illustrate the nation's fiscal challenges in areas like defense spending, healthcare, and tax reform.
There will be a number of consequences from a gradual increase in the federal funds rate over time.
These charts illustrate some of the biggest fiscal policy stories from 2017.
Each year, some of the revenue the federal government collects comes from various taxes. In 2012, taxpayers paid almost $2.5 trillion, which the government used to partially fund $3.5 trillion worth of spending on Social Security, health care, and other programs in areas such as defense and education. The remainder of spending was funded through deficits.