How Have Prescription Drug Prices Changed Over Time?
In the coming years, it will be important for policymakers to look for ways to ensure that life-saving and life-improving medications are affordable and available for Americans, and at the same time, ease pressure on our unsustainable fiscal outlook.
Read MoreWho Benefits More from Tax Breaks — High or Low-Income Earners?
The benefits from tax breaks do not flow equally to households of different income levels.
Read MorePresident Biden’s Budget Reduces Deficits, but Debt Would Remain High
In an important acknowledgement of our nation’s unsustainable fiscal outlook, the President’s budget for fiscal year 2023 proposes to reduce deficits by $1 trillion over the next decade relative to current law.
Read MoreWhat 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.
Read MoreThe Fed Hikes Interest Rates to Curb High Inflation, But with Implications for the National Debt
The Federal Reserve announced an increase in the target for the federal funds rate, the interest rate at which commercial banks lend to each other overnight.
Read MoreHow Are We Paying for the Federal Response to the Coronavirus?
The federal government has enacted legislation to provide relief from the COVID-19 pandemic, and the Treasury has ramped up borrowing to pay for it.
Read MoreWhat Are the Costs of Permanently Expanding the CTC and the EITC?
The American Rescue Plan included a one-year expansion of the Child Tax Credit and the Earned Income Tax Credit. What are the costs and benefits of making that permanent?
Read MoreHealthcare Spending Reaches a Record High
The rise in healthcare spending was largely driven by the federal response to the COVID-19 pandemic.
Read MoreThe U.S. Economy Grew at Its Fastest Rate Since 1984
The strong rebound in 2021 was partially due to the high economic growth experienced in the fourth quarter.
Read MoreSpending on Unemployment Insurance is Returning to Pre-Pandemic Levels
Federal outlays for Unemployment Insurance are rapidly returning to previous levels. Nevertheless, unemployment remains higher than pre-pandemic levels.
Read More