Both John McCain and Barack Obama have proposed tax plans that would substantially increase the national debt over the next ten years, according to an updated analysis by the non-partisan Tax Policy Center. Compared to current law, TPC estimates the Obama plan would cut taxes by $2.8 trillion...

July 23, 2008
Roberton C. Williams, Howard Gleckman

This fact sheet examines the effects of the American Taxpayer Relief Act of 2012 (ATRA) on charitable giving. The major individual income tax provisions are estimated to increase giving by $3.3 billion or 1.5 percent, relative to 2012 law, mainly because of the increase in the top marginal tax...

January 9, 2013
Joseph Rosenberg, C. Eugene Steuerle, Katherine Toran

This fact sheet summarizes the key conclusions from a series of briefs aimed at contributing to the knowledge of select tax expenditures—the EITC, MID, and preferential rates on capital gains—by analyzing zip code-level tax data. In particular, the goal of the research was to better characterize...

December 12, 2014
Benjamin H. Harris, Aurite Werman

The U.S. government is spending more than it is bringing in. The result is the budget deficit. Over the next 10 years, the deficit is projected to exceed $10 trillion if current budget policies are continued. By 2019, even under optimistic assumptions, the deficit will be 5.5 percent of GDP, an...

September 15, 2010
Urban Institute