Blog Posts
Dec 17, 2018
9 Charts That Show How Our Fiscal Outlook Has Gone from Bad to Worse
Significant damage was done to America’s fiscal outlook over the past year.
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Blog Posts
Nov 29, 2018
What Is the National Debt Costing Us?
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.
Blog Posts
Nov 13, 2018
The Lame-Duck Congress and the 116th Congress Have Some Key Fiscal Issues on their Agenda
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.
Blog Posts
Oct 31, 2018
Five Things That We Have Learned Since the Tax Cuts Were Enacted
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
Blog Posts
Oct 29, 2018
It’s Rare for Revenue Growth to Be This Weak
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
Blog Posts
Oct 17, 2018
Corporate Tax Receipts Took an Unprecedented Drop This Year
Corporate tax receipts dropped by 31 percent in 2018 — an unprecedented decline during a time of economic growth. The Tax Cuts and Jobs Act is responsible for the plunge.
Press Releases & Statements
Sep 28, 2018
Peterson Foundation Statement on Tax Cuts 2.0
"Tax Cuts 2.0 is a fitting name, because this bill would add more than $2.0 trillion to our national debt over 10 years once it kicks in," Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation, said.
Press Releases & Statements
Sep 10, 2018
Peterson Foundation Statement on New Round of Tax Cuts
“Another round of tax cuts financed with borrowed money is doubling down on fiscal irresponsibility," said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2018/09/peterson-foundation-statement-on-new-round-of-tax-cuts
Blog Posts
Aug 13, 2018
Last Year's Tax Law Did Not Simplify the System — It Added More Tax Breaks
Last year’s tax legislation was a key opportunity to simplify the tax code, but in addition to adding significantly to our national debt, the Tax Cuts and Jobs Act actually increased the number of tax breaks.
Blog Posts
Aug 8, 2018
How Have Tax Cuts Affected the Economy and Debt? Here’s What We Know So Far
The general consensus among economists is that the long-term effects of the TCJA will be higher debt and little change to underlying economic growth.