What 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 Are Refundable Tax Credits?
The cost of refundable tax credits has grown over the past several years, with the number and budgetary impact of the credits increasing.
Read MoreThree Reasons Why Assuming Sustained 3% Growth is a Budget Gimmick
Lawmakers are reportedly counting on 3 percent economic growth for the next decade. Here are three key reasons why that is an irresponsible budget gimmick.
Read MoreChart Pack: Corporate Taxes
A selection of key charts on corporate income taxes in the United States and how they fit within the federal budget.
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 MoreChart Pack: Individual Taxes
A selection of key charts on individual income taxes in the United States and how they fit within the federal budget.
Read MoreEight of the Largest Tax Breaks Explained
Tax breaks totaled over $1.9 trillion in 2024. That’s more than the government spends on Social Security, defense, or Medicare and Medicaid.
Read MoreQuiz: How Much Do You Know About the Federal Budget?
A strong fiscal outlook is an essential foundation for a growing, thriving economy. Take our quiz to see how much you really know about the federal budget.
Read More