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The top 1 percent of taxpayers receive 28 percent of the benefit from individual income tax expenditures.
Although the United States spends more on healthcare than other developed countries, its health outcomes are generally no better.
United States per capita healthcare spending is more than twice the average of other developed countries.
Here are eleven charts that tell America’s fiscal story for 2019 — and show how our outlook went from bad to worse over the last 12 months.
The rising cost of prescription drugs is a key driver of overall healthcare spending in the U.S. This trend has significant implications not only for Americans who rely on medications, but also for our nation’s budget and fiscal outlook.
As more time passes since enactment, and as more data become available, economists continue to weigh in with analyses of the TCJA’s effects.
Corporate tax revenues are substantially lower than they were before the tax rate was reduced by the TCJA.
Following the 2017 tax reform, the federal statutory corporate tax rate in the United States is now more in line with many other OECD countries.
Revenue from corporate income taxes has been decreasing as a share of GDP