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Corporate and individual tax expenditures are large in comparison to annual taxes collected, as well as to the government’s major programs.
https://www.pgpf.org/chart-archive/0054_tax-expenditures-comparison
Some lawmakers favor substantial increases to marginal tax rates. Let’s look at how marginal tax rates and brackets work.
As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries
The decline in purchasing power has important implications for the federal budget and our nation’s infrastructure, and has led some to call for a new effort to address the gas tax.
Significant damage was done to America’s fiscal outlook over the past year.
Programs that millions of Americans depend on and care about may be feeling a squeeze from interest costs on our high and rising national debt.
The dust has barely settled on the midterm elections, but there are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress, which will convene in early 2019.
Last year's tax cuts have had significant implications for the federal budget, our economy, and every family and business in the country.
https://www.pgpf.org/blog/2018/10/five-things-that-we-have-learned-since-the-tax-cuts-were-enacted
Revenues in 2018 didn’t even keep up with inflation, much less growth in nominal gross domestic product.
https://www.pgpf.org/blog/2018/10/its-rare-for-revenue-growth-to-be-this-weak
