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The top 1 percent of taxpayers receive 28 percent of the benefit from individual income tax expenditures.
Lawmakers have enacted a total of 119 continuing resolutions over the past 23 fiscal years.
The growing federal debt could reduce family incomes substantially.
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.
Nearly 41 percent of U.S. debt is in foreign holdings.
On average, Social Security benefits exceed Social Security taxes over an individual’s lifetime.
Social Security provides social insurance by redistributing income from high earners to low earners.
Deficits would be even higher under an alternative fiscal scenario.
Spending on federal entitlement programs will more than double between 1984 and 2049.