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What Is the Difference Between a Corporation and a Pass-Through Business — and Why Does It Matter for Our Economy and Budget?

When most Americans think about businesses in this country, the word “corporation” may come to mind — but the vast majority of businesses in the United States are not structured as traditional corporations, but as pass-through entities.

What Is the SALT Cap?

The deduction of state and local tax payments from federal income taxes has been a subject of debate among economists and policymakers over the past few years — with significant implications for our budget and fiscal outlook.

What to Know About the New Monthly Child Tax Credit Payments

A key provision of the ARP advances half of the expected credit for 2021 in periodic payments, which have now begun.

With Election Looming, Congress Returns to Full Agenda

Members of the United States House of Representatives and Senate return to Washington to face a number of important policy decisions and deadlines.

7 Key Facts About U.S. Healthcare Spending

Healthcare spending in the United States is a key driver of the nation’s fiscal imbalance and has risen notably over the past few decades.

10 Key Facts about Student Debt in the United States

A college education has undeniable, lifelong economic benefits, but excessive levels of student debt can impose financial burdens on borrowers.

76 Options to Reduce the Federal Deficit

There’s no question that America’s fiscal outlook is daunting. The good news is that there are plenty of ways to reverse course.

Budget Basics: What Is Medicare Advantage?

The Medicare Advantage allows beneficiaries enrolled in both Part A and Part B to receive benefits from private plans.

Economists Agree: The National Debt Is a Long-Term Concern for America

Although a range of views exists about optimal near-term fiscal policy, economists agree that America’s mounting debt presents significant challenges.

How Are Safety Net Programs Helping the Response to the Coronavirus Pandemic?

Despite the increased federal deficit, the expansion of safety net programs has led to generally effective economic stimulus.