Here’s What a Budget Gimmick Is and How to Spot One
Lawmakers should avoid the use of budget gimmicks, which can hide the true fiscal impact of legislation.
Read MoreWhat Is the Farm Bill, and Why Does It Matter for the Federal Budget?
The Farm Bill provides an opportunity for policymakers to comprehensively address agricultural, food, conservation, and other issues.
Read MoreSocial Security Reform: Options to Raise Revenues
Here are the pros and cons for three approaches to increasing funds dedicated to Social Security.
Read MoreShould the U.S. Change the Corporate Tax Rate in 2025?
Here’s why lawmakers lowered the corporate tax rate in 2017, how the lower rate impacted the U.S., and how the rate might be reformed in 2025.
Read MoreTax Cuts Then and Now: The Debt Is Much Higher
The United States was in a more sustainable fiscal position when lawmakers previously enacted tax cuts.
Read MoreWhat Is a Wealth Tax, and Should the United States Have One?
Proponents of the wealth tax argue that it could help address rising wealth and income inequality while also generating revenues.
Read MoreBudget Resolution Relies on Overly Optimistic Assumptions About Discretionary Spending
Future discretionary spending cuts, which cannot technically be included in reconciliation bills, are difficult to achieve as credible offsets.
Read MoreWhat Is the Primary Deficit?
The primary deficit is the difference between government revenues and spending, excluding interest payments. Learn more about the U.S. primary deficit.
Read MoreWhat Are Automatic Stabilizers and How Do They Affect the Federal Budget?
To better respond to business cycle fluctuations, many important programs in the federal budget automatically adjust spending based on economic conditions.
Read MoreThe U.S. Forgoes Hundreds of Billions of Dollars Each Year Due to Unpaid Taxes
Cracking down on the tax gap would not only introduce more fairness into the system, but it could be a big help for our nation’s fiscal imbalance.
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