“Build Back Better” is Mostly Paid For — But Uses Budget Gimmicks
If enacted, the legislation would provide benefits for many lower-income households and take steps to address climate change and other social investments.
Read MoreBipartisan Infrastructure Bill Less than 40 Percent Paid For
Despite lawmakers’ claims, analysts anticipate that a large portion of the spending called for by the infrastructure package will need to be deficit financed.
Read MoreLeading Economists: The Economy Bounced Back Fast, But Major Questions Remain
Amid a complicated economic and fiscal environment, two top economists joined a panel discussion as part of the Peterson Foundation Economic Forum.
Read MoreThe Labor Market Recovery Continued in October
There were 531,000 jobs added in October. However, the unemployment rate remains high, especially for non-white workers.
Read MoreDelta Variant Slows Economy, But Output Still Better Than Pre-Pandemic Levels
The economy continued to grow in the third quarter of 2021, but at a slightly slower pace than previous quarters due to the delta variant of COVID-19.
Read MoreCan the TRUST Act Help Fix the Social Security, Medicare, and Highway Trust Funds?
Several federal programs that are governed by trust funds are facing serious funding shortfalls.
Read MoreShould the Corporate Income Tax Rate be Raised?
The possibility of raising the corporate tax rate has spurred a debate about the optimal corporate income tax rate to balance revenue generation and U.S. competitiveness.
Read MoreWhat Is a Carbon Tax? How Would It Affect the Economy?
In light of the growing urgency of the climate crisis, many lawmakers, advocacy groups, and American citizens are calling for the government to undertake policies to more comprehensively address climate change.
Read MoreHere’s How Democrats Would Pay for Their New Spending Proposals
Democratic leaders revealed the details of how they plan to pay for, or offset, the approximately $3.5 trillion of spending in their reconciliation bill.
Read MoreHow Do We Tax Energy in the United States? How Does It Compare to Other Countries?
A key part of the Biden administration’s policy agenda in 2021 relates to our nation’s energy policy, and in particular, there have been important debates among policymakers about how we use the tax code to incentivize economically and environmentally beneficial behavior.
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