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The Peter G. Peterson Foundation is a non-partisan, non-profit organization focused on building a brighter economic future for all Americans. Browse news from the Foundation, and read about our upcoming events.

Blog Posts
How Will the Coronavirus Pandemic Impact Social Security’s Finances? Here’s What Four Different Analyses Say

The Social Security Board of Trustees has been warning for years that the program faces funding shortfalls. In April, they released their annual report on the trust funds that finance the program.

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September 16, 2020
Blog Posts
How Many Coronavirus Stimulus Checks Have Been Sent Out So Far?

The Internal Revenue Service (IRS) had issued 159 million direct payments to Americans — totaling nearly $267 billion — to help mitigate the financial burden of the COVID-19 pandemic.

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September 16, 2020
Blog Posts
The Coronavirus Has Led to a Surge in Spending on Unemployment Compensation

The outbreak of COVID-19 has become both a public health and an economic crisis. In particular, the closure of many businesses has resulted in an unprecedented surge in unemployment claims in the United States.

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September 15, 2020
Blog Posts
The Coronavirus Pandemic Continues to Cause Record Claims for Unemployment Insurance

During the week that ended on September 5, 884,000 people filed for regular unemployment insurance, continuing a devastating trend in the labor market. Since March 15, 60 million individuals have filed a claim.

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September 10, 2020
Blog Posts
How Were State Budgets Doing Before the Economic Slowdown? And How Might the Pandemic Change Things?

The coronavirus (COVID-19) pandemic has contributed to a significant budget crunch at the state level that threatens a range of basic government programs and services. Some states were better prepared than others to handle this crisis.

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September 9, 2020
Blog Posts
Federal Reserve Lending Facilities: What Are They, How Are They Funded, and How Will They Support the Economy During the Coronavirus?

The Federal Reserve’s lending facilities are one of the many policy tools the central bank is using to stabilize the economy in response to the coronavirus (COVID-19) pandemic.

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September 8, 2020
Blog Posts
Five Key Takeaways from the Unemployment Data

The economic impact of the coronavirus has been profound, but it has not been felt equally by all demographic groups.

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September 2, 2020
Blog Posts
National Debt Will Be the Size of the Economy by Next Year and Other Takeaways from the CBO Report

Today, the non-partisan Congressional Budget Office (CBO) released its baseline budget projections for the next decade – its first analysis to fully take into account the economic effects of the coronavirus (COVID-19) pandemic and the legislative response to it.

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September 2, 2020
Press Releases & Statements
Peterson Statement on CBO Report

“This report makes it painfully clear that our unsustainable fiscal challenges have now been accelerated. The sad truth is that our national debt now equals the size of our entire economy,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.

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September 2, 2020
Explainers
What Is the Disaster Relief Fund?

Climate and weather-related natural disasters are becoming increasingly frequent. In addition to endangering lives, they are economically costly.

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September 1, 2020
Blog Posts
What Is the Provider Relief Fund?

The Provider Relief Fund, administered by the Department of Health and Human Services, distributes payments to hospitals and other healthcare providers on the front lines of the coronavirus response.

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September 1, 2020
Blog Posts
Breaking Down the $32 Billion of Airline Industry Payroll Support in Coronavirus Relief Legislation

As of August 27, 2020, the Treasury has disbursed almost $27 billion of the total $32 billion allocated to the program.

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September 1, 2020
Blog Posts
What Is the Coronavirus Relief Fund? How Much Is Left in It?

As of August 27, 2020, the Treasury has disbursed nearly all of the total $150 billion allocated in the Coronavirus Relief Fund.

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September 1, 2020
Blog Posts
Spending on Medicaid Spiked Due to the Coronavirus Pandemic

The coronavirus (COVID-19) pandemic has caused federal spending on Medicaid to rise sharply as millions of Americans seek benefits under the program.

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August 31, 2020
Blog Posts
How Are We Paying for the Federal Response to the Coronavirus?

The federal government has enacted four pieces of legislation that provide important relief to individuals and corporations that have been impacted by the COVID-19 pandemic.

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August 31, 2020
Blog Posts
What has the Coronavirus Taught Us about Our Healthcare System and Preparedness?

The coronavirus (COVID-19) pandemic has exposed major U.S. healthcare issues from lack of preparedness to inequities in impact and access, but key lessons can help improve the system going forward, according to two leading experts.

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August 31, 2020
Press Releases & Statements
As Election Nears, Voters Understand Fiscal Outlook Is Key Issue for Nation’s Future

“In the short term, nothing is more important to our economy and our health than defeating this virus, but Americans understand that we will need to return our attention to the nation’s fiscal health once the crisis has passed,” said Michael A. Peterson, CEO of the Peterson Foundation.

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August 26, 2020
Blog Posts
How Has the Coronavirus Pandemic Affected Federal Spending on SNAP?

In July, the federal government spent $10.2 billion on SNAP — a 94 percent increase from the amount spent in March.

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August 21, 2020
Blog Posts
Eight of the Largest Tax Breaks Explained

Tax breaks totaled nearly $1.5 trillion in 2019. To put that in perspective, that’s more than the government spends on Social Security, defense, or Medicare.

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August 19, 2020
Infographics
Voter Views on School Reopening, Vaccine Availability and Economic Recovery

The latest Financial Times-Peterson Foundation US Economic Monitor, released on August 18, 2020, reveals voter concerns on a range of complex policy challenges surrounding the pandemic, reopening schools and vaccine availability.

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August 18, 2020
Explainers
The Highway Trust Fund Explained

Although the need for serious, long-term changes to the funding structure of the Highway Trust Fund is clear, there is disagreement over the approach to do so.

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August 14, 2020
Blog Posts
Coronavirus Executive Actions Highlight Our Broken Budget Process

Over the weekend President Trump signed executive actions related to unemployment insurance, payroll tax relief, student debt, and housing evictions.

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August 10, 2020
Blog Posts
July Unemployment Data Show Another Slight Improvement – But Rate Remains Historically High

After the unemployment rate shot up from 4.4 percent in March to 14.7 percent in April, it has subsequently dropped to 10.2 percent in July.

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August 7, 2020
Blog Posts
IMF Releases Most Pessimistic Economic Projections for the United States to Date

The International Monetary Fund (IMF) estimates that real (inflation-adjusted) gross domestic product (GDP) in the United States will fall by 8 percent in 2020, according to the latest update to their World Economic Outlook report.

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August 3, 2020
Blog Posts
Did the Paycheck Protection Program Work the Way It Was Supposed To?

To date, the Paycheck Protection Program (PPP) has disbursed over $500 billion in loans to 5 million businesses, making it the largest component of the U.S.’ legislative response to the coronavirus pandemic. But has it been effective?

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August 3, 2020
Blog Posts
Real GDP Falls a Record-Breaking 32.9% in Second Quarter

New economic growth statistics from the Bureau of Economic Analysis (BEA) confirm that the American economy continues to suffer historic damage during the coronavirus pandemic.

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July 30, 2020
Blog Posts
How Does the Federal Government Support Housing for Low-Income Households?

The federal government spent $51 billion on housing assistance in 2019, and more than 80 percent of that spending was for three programs in the Department of Housing and Urban Development that provide rental assistance to low-income households.

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July 29, 2020
Explainers
Budget Basics: Medicare

Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.

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July 29, 2020
Press Releases & Statements
As Monthly Deficit Hits All-Time High, Voters Call Attention to Fiscal Outlook

“As lawmakers rightly continue to pursue policies that help our nation respond to the immediate health and economic crisis, voters are also showing increased concern about our deteriorating fiscal outlook,” said Michael A. Peterson, CEO of the Peterson Foundation.

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July 28, 2020
Press Releases & Statements
Peterson Foundation Statement on the TRUST Act

“There’s nothing that matters more right now to our physical, fiscal and economic health than defeating this virus,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.

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July 24, 2020
Blog Posts
The Federal Reserve Holds More Treasury Notes and Bonds than Ever Before

Beginning in mid-March 2020, the Federal Reserve initiated an aggressive policy of quantitative easing — which involves the purchase of government securities, corporate bonds, and other financial instruments — with the aim of keeping interest rates low and injecting cash into the economy.

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July 21, 2020
Blog Posts
Income Inequality Has Been on the Rise Since the 1980s, and Continues Its Upward Trajectory

Average income among households in the lowest fifth of the income distribution was $21,000, while income for households in the highest fifth averaged $291,000.

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July 16, 2020
Explainers
Budget Basics: How Does Social Security Work?

Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.

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July 16, 2020
Blog Posts
What Is the Difference Between the Statutory and Effective Tax Rate?

The statutory tax rate is the percentage imposed by law; the effective tax rate is the percentage of income actually paid by an individual or a company after taking into account tax breaks.

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July 16, 2020
Blog Posts
How Does the U.S. Healthcare System Compare to Other Countries?

The cost and quality of the U.S. healthcare system is one of the most prominent issues facing everyday Americans. It is a top policy concern for voters, a key indicator of economic efficiency, and a significant driver of the national debt.

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July 14, 2020
Infographics
Spending on Prescription Drugs Has Been Growing Exponentially over the Past Few Decades

The growing cost of prescription drugs presents a significant challenge to the quality and affordability of healthcare in the United States.

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July 14, 2020
Blog Posts
Breaking Down the Coronavirus Relief Spending — How Much Direct Aid Has Gone Out the Door So Far?

To date, policymakers have authorized an estimated $3.6 trillion in federal spending (the budgetary cost of which is only $2.4 trillion) to help counter the economic effects of the coronavirus (COVID-19) pandemic.

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July 13, 2020
Explainers
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.

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July 10, 2020
Blog Posts
Legislation to Fight Coronavirus Pandemic Has Reduced Federal Revenues by $500 Billion

Overall, coronavirus relief legislation is expected to widen the gap between federal outlays and revenues — increasing federal deficits by $2.4 trillion over the next decade.

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July 8, 2020
Blog Posts
See How the Coronavirus Has Impacted 10-Year Projections for GDP and More

It’s going to take at least a decade for the labor market to recover from the coronavirus (COVID-19) pandemic, according to the latest data from the Congressional Budget Office (CBO).

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July 7, 2020
Infographics
Poll: 82% of Americans Want Federal Relief Extended, Most See Tougher Economic Road Ahead

The latest Financial Times-Peterson Foundation US Economic Monitor, released on July 7, 2020, reveals timely data about Americans’ deep concerns about the health and economic effects of the coronavirus (COVID-19) pandemic.

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July 7, 2020
Infographics
Infographic: How the U.S. Tax System Works

One issue that most lawmakers and voters agree on is that our tax system needs reform.

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July 6, 2020
Blog Posts
Pandemic Budget Crunch Could Force States to Slash Social Services, Education, Police Budgets, and More

Without federal intervention, many services could be drastically reduced to meet balanced budget requirements.

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July 1, 2020
Blog Posts
How Does the Tax System Work?

The federal government finances its operations with taxes, fees, and other receipts collected from many different sectors of the economy. The largest sources of revenues are individual income taxes and payroll taxes.

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July 1, 2020
Press Releases & Statements
Fiscal Confidence Drops to Lowest Since 2014 as Nation Continues to Confront Significant Health, Economic Impact of Coronavirus

“America’s top policy priority right now is defeating this virus and helping the millions of Americans who are suffering economically, but as we look ahead it’s clear that Americans are growing more concerned about how we will deal with our national debt once this crisis ends.” said Michael A. Peterson, CEO of the Peterson Foundation.

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June 30, 2020
Explainers
Budget Basics: Federal Trust Funds

Federal trust funds bear little resemblance to their private-sector counterparts.

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June 25, 2020
Blog Posts
State and Local Infrastructure Spending: A Closer Look

Properly addressing the nation’s aging infrastructure requires action not only at the federal level, but also at the state and local levels, where most infrastructure spending is carried out.

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June 17, 2020
Explainers
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.

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June 16, 2020
Explainers
What Are Estate and Gift Taxes and How Do They Work?

Estate and gift taxes are levied on the transfer of assets. Two areas of the tax code that are relatively small in dollar terms, but can generate a significant amount of attention and even controversy in the broader conversation about wealth.

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June 12, 2020
Blog Posts
The Gap Between Federal Spending and Revenues Has Grown Rapidly During the Pandemic

The economic disruption caused by the coronavirus pandemic and the federal government’s response to it has widened the gap between federal outlays and revenues.

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June 10, 2020
Infographics
The National Debt Is Now More than $26 Trillion. What Does That Mean?

Although the debt affects each of us, it may be difficult to put such a large number into perspective and fully understand its implications.

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June 10, 2020
Blog Posts
CBO Director: Economy Rebounding but the Fiscal Situation Leaves the U.S. Vulnerable

America’s economic rebound from the coronavirus pandemic seems to have begun, depending on location, according to Phillip Swagel, the director of the nonpartisan Congressional Budget Office.

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June 9, 2020
Blog Posts
May Unemployment Data Show a Slight Improvement in the Labor Market

New data from the Bureau of Labor Statistics show that the labor market experienced an unexpected improvement in May.

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June 8, 2020
Blog Posts
How Much Is the National Debt? What are the Different Measures Used?

There are three widely used measures of federal debt. What are the important differences between these measurements?

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June 5, 2020
Infographics
New Poll: Over 1 in 5 Americans Report Being Laid Off or Furloughed Since Coronavirus

The latest Financial Times-Peterson Foundation US Economic Monitor, released on June 4, 2020, reveals how the coronavirus pandemic continues to have significant financial and economic impacts across wide swaths of American society.

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June 4, 2020
Press Releases & Statements
2020 Up to Us Winner: Mesa Community College

Mesa Community College designs winning campaign to engage Millennial and Gen Z students on the rising $25 trillion national debt.

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May 28, 2020
Press Releases & Statements
As Coronavirus Pandemic Continues, Voters Remain Mindful of National Debt

“As this crisis continues, lawmakers are taking necessary action to confront the pandemic and help our nation recover. At the same time, voters are very concerned about our nation’s fiscal and economic future,” said Michael A. Peterson, CEO of the Peterson Foundation.

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May 27, 2020
Blog Posts
What Support Are Small Businesses Receiving During the Coronavirus Pandemic?

So far, federal measures to support small businesses have amounted to $760 billion.

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May 22, 2020
Blog Posts
How Has the Coronavirus Affected the U.S. Economic Outlook

Before the pandemic, the U.S. economy was in its longest expansion since World War II and had notably low unemployment. The pandemic and the resulting reductions in social and economic activity, however, have altered that trajectory.

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May 22, 2020
Blog Posts
How Does the U.S. Economic Response to Coronavirus Compare to the Rest of the World?

COVID-19 has spread to nearly every country in the world, and to help reduce the health risk and save lives, many countries have imposed limitations on business activity, congregating, and traveling.

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May 21, 2020
Blog Posts
The United States Spends More on Defense than the Next 10 Countries Combined

U.S. defense spending increased substantially from 2018 to 2019 relative to other countries.

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May 15, 2020
Blog Posts
The Coronavirus Caused the Deficit to Balloon in April — Usually a Surplus Month

A large decrease in revenues and a large increase in spending have led the Congressional Budget Office to estimate a deficit of $737 billion in April 2020.

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May 11, 2020
Blog Posts
April Unemployment Data Show Devastating Effects of the Coronavirus Pandemic on the Labor Market

In response to the COVID-19 pandemic, elected leaders have asked the American people to stay at home and have forced businesses to close to mitigate the spread of the virus.

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May 8, 2020
Infographics
Nearly 7 in 10 Americans Say Their Incomes Have Taken a Hit from the Pandemic

The latest Financial Times-Peterson Foundation US Economic Monitor reveals that the coronavirus pandemic is financially impacting the vast majority of Americans, and there is broad-based support for federal response measures.

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May 7, 2020
Blog Posts
First Economic Growth Report Under the Coronavirus: Real GDP Falls 4.8% in First Quarter

The decrease in GDP in the first quarter was driven by a decline in consumption and investment.

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April 29, 2020
Press Releases & Statements
As America Grapples with Coronavirus Pandemic, Voters See Growing Debt as Key Challenge for the Future

“While the most important national priority right now is addressing the significant health and economic impact caused by coronavirus, we all also understand that this crisis has enormous costs and impact on our fiscal position,” said Michael A. Peterson, CEO of the Peterson Foundation.

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April 28, 2020
Blog Posts
U.S. GDP to Fall 5.6% Due to Coronavirus, According to New CBO Projections

The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.

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April 24, 2020
Blog Posts
Here’s Everything Congress Has Done To Respond To The Coronavirus So Far

The recent outbreak of COVID-19 has caused a severe public health crisis as well as substantial economic disruption for every American.

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April 24, 2020
Blog Posts
Social Security and Medicare Faced Serious Shortfalls Even Before the Coronavirus

Social Security and Medicare are facing serious financial difficulty in the near future.

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April 24, 2020
Infographics
What's in the CARES Act? Here's a Summary

The largest emergency response bill in history, the CARES Act allocates $2 trillion in emergency funding to provide relief to households, small and large businesses, states and municipalities, and healthcare providers, among others.

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April 22, 2020
Blog Posts
Four Key Takeaways From the Early Unemployment Data

The official unemployment rate was 4.4 percent in March 2020, up from 3.5 percent in February. That increase was the largest of any month since January 1975.

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April 21, 2020
Blog Posts
Why Are Americans Paying More for Healthcare?

High healthcare spending is not necessarily a bad thing, especially if it leads to better health outcomes. However, that is not the case in the United States.

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April 20, 2020
Blog Posts
How Does the Treasury Issue Debt?

As the United States borrows a significant amount of money to respond to the COVID-19 pandemic, let’s take a closer look at a few key characteristics of Treasury borrowing that can affect its budgetary cost.

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April 10, 2020
Blog Posts
Six Charts That Show How Low Corporate Tax Revenues Are in the United States Right Now

Compared to historical trends and other advanced economies, corporate tax revenues in the United States are at very low levels.

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April 1, 2020
Press Releases & Statements
As America Focuses on Healthcare Crisis and Economy, Growing Debt Remains a Concern

“America is going through an unprecedented national emergency, and we need to respond aggressively to address both the public health crisis and the economic risk,” said Michael A. Peterson, CEO of the Peterson Foundation.

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March 31, 2020
Press Releases & Statements
Peterson Foundation Statement on Fiscal Response to the Coronavirus

“The coronavirus outbreak is an unprecedented national emergency, and we need to respond aggressively to address both the public health crisis and the economic risk,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.

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March 23, 2020
Blog Posts
Why the American Healthcare System Underperforms

Healthcare in the United States is very expensive — but we don’t get what we pay for.

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March 20, 2020
Blog Posts
What is SNAP? An Overview of the Largest Federal Anti-Hunger Program

SNAP is the largest federal program aimed at combating hunger and food insecurity among low-income Americans.

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March 19, 2020
Blog Posts
Five Approaches to Taxing Wealth in the United States

A number of current and former candidates have suggested adding new sources of revenue through various types of taxation of wealth.

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March 11, 2020
Explainers
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.

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March 11, 2020
Explainers
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.

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March 11, 2020
Explainers
What is PAYGO?

PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.

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March 9, 2020
Blog Posts
How Do Marginal Income Tax Rates Work — and What if We Increased Them?

Some lawmakers favor substantial increases to marginal tax rates. Let’s look at how marginal tax rates and brackets work.

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March 5, 2020
Blog Posts
What is a Wealth Tax, and Should the United States Have One?

A wealth tax would impose a levy on assets owned by an individual or household — as opposed to, for example, an income tax.

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March 3, 2020
Blog Posts
Four Simple Scenarios That Show How Marginal Rates and Tax Breaks Affect What People Actually Pay

As the 2020 campaign season swings into gear, the national debate about taxes — including tax rates, tax types, and tax fairness — is gaining prominence.

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March 3, 2020
Blog Posts
Millions Gained Healthcare Coverage under Obamacare, But That Trend Is Reversing

The proportion of the population who are uninsured began increasing in 2017.

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February 28, 2020
Blog Posts
How Does the Capital Gains Tax Work Now, and What Are Some Proposed Reforms?

The capital gains tax is a highly debated topic, as most presidential candidates have weighed in on how to revise it. Simply put, the capital gains tax is a levy on the profit received from the sale of a capital asset.

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February 28, 2020
Infographics
Voters Agree: The National Debt is a Bipartisan Priority for 2020 Election

A broad, bipartisan majority of voters agree that the national debt is a key issue for the 2020 campaign.

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February 28, 2020
Press Releases & Statements
With 2020 Election Underway, Voters Want More Progress on the National Debt

“Voters believe that managing our national debt is a top priority that should play a central role in this year’s election discussion,” said Michael A. Peterson, CEO of the Peterson Foundation.

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February 25, 2020
Blog Posts
Do Voters Care about the National Debt? The Polls Say They Do

Heading into 2020, the vast majority of Americans are urging leaders in Washington to address the unsustainable national debt and budget deficit.

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February 20, 2020
Analysis
President's Budget Again Relies on Optimistic Economic Projections and Unlikely Spending Cuts

Following the pattern of previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.

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February 14, 2020
Explainers
Budget Basics: The National Flood Insurance Program

The National Flood Insurance Program (NFIP) is run by the federal government to reduce the impact of flooding on private and public structures.

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February 12, 2020
Blog Posts
Fed Chair Powell Encourages Congress to Address Rising Debt before Next Downturn

Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.

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February 11, 2020
Blog Posts
The President's Budget Proposes Large Spending Cuts, but Leaves Debt at High Levels

Today, President Trump released his fourth budget, which outlines the administration’s policy proposals, budget projections, and economic forecast for the next decade.

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February 10, 2020
Press Releases & Statements
Peterson Foundation Statement on President’s Budget Proposal

“Today’s budget proposal relies on optimistic projections for economic growth and unlikely budget cuts to illustrate deficit reduction,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.

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February 10, 2020
Blog Posts
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 for our budget and the economy, particularly over the long term.

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February 7, 2020
Analysis
CBO Report Highlights America’s Unsustainable — and Deteriorating — Fiscal Outlook

The latest report from the non-partisan Congressional Budget Office (CBO) reiterates that the federal budget is on an unsustainable trajectory.

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February 6, 2020
Press Releases & Statements
Peterson Foundation Statement Ahead of President’s State of the Union Address

“By any measure, the state of the Union’s fiscal outlook is unsustainable, and getting worse,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.

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February 4, 2020
Blog Posts
Economic Growth Was Weaker in 2019 than in 2018

Growth in 2019 was lower than the 2.9 percent growth in 2018. Key factors contributing to this drop include a significant slowing in the growth of nonresidential investment and, to a slightly lesser degree, slower growth in the consumption of goods and services.

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January 31, 2020
Press Releases & Statements
As America Enters Era of Trillion-Dollar Deficits, Voters Want Action on the Debt

“As the 2020 election begins, Americans are looking for leadership and solutions to our growing debt problem,” said Michael A. Peterson, CEO of the Peterson Foundation.

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January 31, 2020
Blog Posts
A Look at the Foreign-Born Labor Force in the United States

Understanding the United States’ changing labor force can be a key part of understanding larger trends in the overall economy. Here are key characteristics of the foreign-born population and how they compare to the native-born population.

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January 30, 2020
Blog Posts
Five Troubling Takeaways from the Latest CBO Report

As voting begins for the 2020 election season, the majority of Americans believe that addressing the national debt is a crucial issue that warrants action from policymakers.

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January 28, 2020
Press Releases & Statements
Peterson Statement on CBO Report: Ten Straight Years of Trillion-Dollar Deficits

“Today’s CBO report shows ten straight years of trillion-dollar deficits. That’s a sad reflection of our nation’s poor fiscal health, and it adds insult to injury that we’re piling on all this debt in a growing economy,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.

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January 28, 2020
Blog Posts
Decade in Review: Looking Back at CBO Projections Then and Now

As one decade ends and another begins, there’s no question that our fiscal outlook is daunting. But as we mark this milestone, it’s also helpful to take a closer look at projections from 10 years ago to assess how decisions by lawmakers and other factors have contributed to our fiscal outlook.

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January 7, 2020
Press Releases & Statements
Voters Concerned about Fiscal Irresponsibility in Washington as Lawmakers Add Red Ink

“As another unfortunate year of fiscal irresponsibility comes to a close, voters are sending a clear message to Washington that they want fiscal leadership,” said Michael A. Peterson, CEO of the Peterson Foundation.

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January 7, 2020
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