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Apr 14, 2021

What is Inflation and Why Does it Matter?

Here’s an overview of inflation, why it matters, and how it’s managed.


https://www.pgpf.org/budget-basics/what-is-inflation-and-why-does-it-matter

Explainers



Apr 13, 2021

What Is the Child Tax Credit?

The child tax credit (CTC) is a measure administered though the tax code that is designed to make raising children more affordable by easing the financial burden faced by families.


https://www.pgpf.org/budget-basics/what-is-the-child-tax-credit

Explainers



Apr 12, 2021

What Is the Earned Income Tax Credit?

The earned income tax credit (EITC) is a measure administered through the tax code to address poverty. It was first enacted in 1975 on a temporary basis amid broader debates about welfare reform and had the primary goal of encouraging people to obtain employment.


https://www.pgpf.org/budget-basics/what-is-the-earned-income-tax-credit

Explainers



Apr 8, 2021

Payroll Taxes: What Are They and What Do They Fund?

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.


https://www.pgpf.org/budget-basics/budget-explainer-payroll-taxes

Explainers



Apr 6, 2021

Budget Basics: Who Pays Taxes?

The fairness of our federal tax system is a hotly debated issue. Too often, however, those debates confuse or misrepresent important facts because they focus on one type of tax in isolation rather than the various taxes that people face in aggregate.


https://www.pgpf.org/budget-basics/who-pays-taxes

Press Releases & Statements

Apr 1, 2021

Peterson Foundation Grant to Fuel Northwestern COVID-19 Research

New $1 million research initiative will help inform and improve pandemic relief and recovery policies.


https://www.pgpf.org/press-release/2021/04/peterson-foundation-grant-to-fuel-northwestern-covid-19-research

Press Releases & Statements

Mar 30, 2021

U.S. Fiscal Confidence Drops as Pandemic Accelerates America’s Debt Challenges

“Voters understand that we are continuing to endure a terrible public health and economic crisis, but they also realize that we are piling on trillions of debt to what was already an unsustainable fiscal outlook,” said Michael A. Peterson, CEO of the Peterson Foundation.


https://www.pgpf.org/press-release/2021/03/fci-press-release

Press Releases & Statements

Mar 4, 2021

Peterson Statement on CBO’s Long-Term Outlook

“Today’s report provides a troubling snapshot of America’s fiscal outlook, which we know will only get worse from here,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.


https://www.pgpf.org/press-release/2021/03/peterson-statement-on-cbos-long-term-outlook

Press Releases & Statements

Feb 24, 2021

Voters See Difficult Debt Challenge Ahead: 76% Say Concern has Increased

“As overcoming this pandemic continues to be a top priority, voters are also becoming more concerned about America’s rapidly worsening fiscal condition,” said Michael A. Peterson, CEO of the Peterson Foundation.


https://www.pgpf.org/press-release/2021/02/fci-press-release

Explainers



Feb 22, 2021

How Do States Pay for Medicaid?

Medicaid’s role in state budgets is unique, since the program acts as both an expenditure and the largest source of federal support in state budgets.


https://www.pgpf.org/budget-basics/budget-explainer-how-do-states-pay-for-medicaid