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In an effort to foster greater discussion on the nation's long-term fiscal challenges during the 2012 election campaign season, the Peter G. Peterson Foundation, in partnership with Bloomberg LP, sponsored "Fiscal Thursday" at both the Republican and Democratic National Conventions.
Tax expenditures are often "spending in disguise" because they are used by Congress to direct resources to specific constituencies and priorities — much like spending programs.
Why Reform Our Corporate Tax Code?
An analysis by the Peter G. Peterson Foundation that looks at all spending — and not just non-exempt spending — has found that the scale of reductions next year resulting from the sequestration will be more heavily weighted towards defense cuts.
Most Medicaid dollars are spent on disabled and elderly beneficiaries, whose incomes and financial resources are low enough to qualify for the program.
The January 2013 fiscal cliff involves several components of tax cuts and spending provisions.
For the third year in a row, Congress did not adopt a budget resolution.
The leaders we elect will be tasked with taming our growing national debt — making this one of the most critical elections in recent memory.
Who Pays For Medicare?