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Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.
The growing cost of prescription drugs presents a significant challenge to the quality and affordability of healthcare in the United States.
Most working Americans are subject to payroll taxes, which are usually deducted automatically from an employee’s paycheck. Employers are also often subject to these types of taxes.
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.
Despite higher healthcare spending per capita, the U.S. generally does not have better health outcomes.
Healthcare expenditures in the U.S. are much higher than those of other developed countries.
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 nearly three times the average of other developed countries.
One issue that most lawmakers and voters agree on is that our tax system needs reform.