What 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 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 MoreChart Pack: The U.S. Budget
A selection of key charts that give an overview of the major components in the U.S. federal budget.
Read MoreChart Pack: Defense Spending
A selection of key charts on defense spending in the United States.
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 MoreAny Way You Look at It, Interest Costs on the National Debt Will Soon Be at an All-Time High
The most recent CBO projections confirm once again that America’s fiscal outlook is on an unsustainable path — increasingly driven by higher interest costs.
Read MoreDebt Ceiling Update: What’s at Stake
If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences.
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