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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.

President’s Budget Relies on Optimistic Economic Projections and Unlikely Spending Cuts

The president’s budget misses an opportunity to address the structural causes of our debt and relies instead on overly optimistic economic assumptions.

Real GDP Falls a Record-Breaking 32.9% in Second Quarter

New economic growth statistics confirm that the American economy continues to suffer historic damage during the coronavirus pandemic.

Spending on Medicaid Spiked Due to the Coronavirus Pandemic

Federal spending on Medicaid may continue at high levels relative to its historical average as individuals who experienced a loss of income enroll.

What Is the Provider Relief Fund?

The CARES Act Provider Relief Fund aids hospitals and healthcare providers on the front lines of the coronavirus response. Learn how HHS has allocated funding.

Which Coronavirus Relief Programs Provide the Most Bang for the Buck?

While there is no single ideal way to deal with such a complex policy challenge as the pandemic, we can glean insights about how responses have been working.

Why Do States Receive Different Amounts of Federal COVID Aid?

Generally, states with larger populations have been receiving more federal dollars from COVID-19 relief programs as such states typically have more unemployed persons, small businesses, and healthcare providers to which that relief has been targeted.

Would Increased Funding for the IRS Narrow the Tax Gap?

Nearly half a trillion dollars in taxes go uncollected every year. Can increased funding for the IRS bring in more federal revenues?

These Tax Expenditures Cost Billions More Than Anticipated — Here’s Why

The growing price tags demonstrate that the ultimate cost of a new tax break can be difficult to anticipate.

Healthcare Spending in the United States Remains High

Healthcare spending in the United States totaled 18.3 percent of gross domestic product (GDP) in 2021.