Explainers
Budget Basics: Balanced Budget Amendment — Pros & Cons
What is a balanced budget amendment to the Constitution, and how would it work in practice?
https://www.pgpf.org/budget-basics/balanced-budget-amendment-pros-and-cons
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Explainers
What is the Byrd Rule?
The Byrd Rule restricts what can be included in reconciliation legislation in the Senate.
Explainers
Apr 12, 2021
What Is the Earned Income Tax Credit?
The earned income tax credit (EITC) is a measure administered through the tax code to address poverty. It was first enacted in 1975 on a temporary basis amid broader debates about welfare reform and had the primary goal of encouraging people to obtain employment.
https://www.pgpf.org/budget-basics/what-is-the-earned-income-tax-credit
Explainers
Oct 28, 2020
2020 Polls Reveal Voter Sentiment on Economic and Fiscal Policy Options
These infographics portray headline results from each national survey that can help inform policymakers during and after this crisis.
https://www.pgpf.org/2020-polls-reveal-voter-sentiment-on-economic-and-fiscal-policy-options
Explainers
Jun 25, 2020
Budget Basics: Federal Trust Funds
Federal trust funds bear little resemblance to their private-sector counterparts.
https://www.pgpf.org/budget-basics/budget-explainer-what-are-federal-trust-funds
Explainers
Mar 9, 2020
What is PAYGO?
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
Explainers
Oct 15, 2012
Budget Basics: How Does Our Debt Affect America's Foreign Policy?
During the final debates, it's up to us to pay attention to how our presidential candidates’ plans could impact America's future. While the budget and economy were already major topics, the upcoming debates will highlight national security and a range of other issues — both foreign and domestic — that also have implications for our long-term fiscal health.
https://www.pgpf.org/budget-basics/how-does-our-debt-affect-americas-foreign-policy
Explainers
Sep 10, 2014
Key Fiscal Facts & Figures
How long-term debt affects America's economic future
https://www.pgpf.org/pgpf-programs-and-projects/key-fiscal-facts-figures
Explainers
Sep 9, 2010
Budget Basics: Fixing the Budget Process
Once we have a plan in place that reduces spending and increases revenues, a strong annual budget process for the government would help us stay on track.
https://www.pgpf.org/budget-basics/fixing-the-budget-process
Explainers
Sep 28, 2013
Taxes | PGPF Fiscal Issue Primers
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.