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Our most popular charts from 2016 illustrate the nation's fiscal challenges in areas like defense spending, healthcare, and tax reform.
https://www.pgpf.org/blog/2016/12/top-7-fiscal-charts-from-2016
A new report from the George W. Bush Institute highlights the economic competitiveness and strength of North America — but warns that fiscal policy in the United States poses a challenge to growth.
https://www.pgpf.org/blog/2016/12/report-us-debt-a-drag-on-competitiveness
With the election in the rearview mirror, a number of important fiscal and economic policy issues continued to simmer throughout November.
https://www.pgpf.org/blog/2016/12/the-fiscal-month-in-review-trump%E2%80%99s-fiscal-agenda
Tax expenditures cost the government about $1.5 trillion each year, more than the budget of any agency or major spending program, including Social Security, Medicare, and the Department of Defense.
"Today’s CBO report confirms that the era of declining deficits is over," according to Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
CBO projects that federal debt will climb to 141 percent of GDP within 30 years — exceeding the highest level of debt ever recorded at the end of World War II by a large margin.
Projections of the long-term budget outlook have deteriorated significantly since last year, largely stemming from the “tax extenders” legislation enacted at the end of 2015.
https://www.pgpf.org/blog/2016/07/four-key-takeaways-from-the-long-term-budget-outlook
The United States collects less revenue as a share of GDP than several other high-income countries, including Japan, Canada, the United Kingdom, Germany, Italy, and France.
https://www.pgpf.org/blog/2016/04/the-us-tax-burden-is-low-compared-to-most-advanced-economies
Major tax expenditures tend to benefit high income taxpayers more than lower income groups.
https://www.pgpf.org/blog/2016/04/who-benefits-from-tax-expenditures
Viewed in aggregate, our tax system is generally progressive.
https://www.pgpf.org/blog/2016/04/what-kinds-of-taxes-do-americans-pay