Six Charts That Show Why Corporate Tax Revenues are Low in the U.S. Right Now
Compared to historical trends and other advanced economies, corporate tax revenues in the United States are low.
Read MoreThe U.S. Corporate Tax System Explained
Revenues raised by the corporate income tax represent the third-largest category of federal revenues in the United States.
Read MoreHow Much Funding Do State and Local Governments Receive from Federal Government?
Over the last four decades, federal grants to state and local governments have made up about 17 percent of their total revenues.
Read MoreThe OBBBA’s Effect on Income Distribution in the United States
The benefits and burdens of the OBBBA are not evenly distributed. Low-income households will fare much worse than middle- and high-income ones.
Read MoreIssues: Social Programs
America’s largest social programs, Social Security and Medicare, are on an unsustainable fiscal path. Learn more about social programs and the national debt.
Read MoreBudget Basics: What Are Budget Rescissions?
Rescission packages can serve as a tool for the lawmakers to manage and control government spending. But, rescission authority has its limits.
Read MoreHow No Tax on Overtime Will Affect Federal Revenues and Tax Fairness
This new, temporary deduction will cost $90 billion dollars over the next four years, while undermining tax equity and making the tax system more complex.
Read MoreInfographic: The Facts About U.S. Defense Spending
National security is both a vital priority and a significant part of the federal budget.
Read MoreWhat Is Budget Reconciliation?
The reconciliation process avoids the potential need to gather 60 votes to end debate and, therefore, allows the Senate to adopt legislation with a simple majority.
Read MoreBudget Basics: National Defense
The national defense budget funds a wide range of activities and represents a significant share of overall federal spending.
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