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.
Read MoreBudget 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.
Read More9 Facts About Social Security and the Need to Strengthen It
Social Security is an essential program for millions of Americans, but it’s at risk if lawmakers fail to take action to reform the program.
Read MoreWhat Types of Securities Does the Treasury Issue?
Let’s take a closer look at a few key characteristics of Treasury borrowing that can affect its budgetary cost.
Read MoreSolutions for Social Security Sustainability
Right now, Social Security’s finances are in trouble, and without reform the program will be unable to pay out full benefits in about a decade.
Read MoreHow Much Would It Cost to Make the TCJA Permanent?
Most of the individual tax provisions and a handful of business provisions in the TCJA are scheduled to expire in the next few years.
Read MoreHigher Interest Rates Could Cause the National Debt to Skyrocket
Interest rates on U.S. Treasury securities have a significant influence on federal borrowing costs.
Read MoreThese 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.
Read MoreBudget 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.
Read MoreHow Did the TCJA Affect Corporate Tax Revenues?
For the first few years after TCJA’s enactment, revenues from corporate taxes dropped sharply, but they returned to pre-TCJA levels starting in 2021.
Read More