budget deficit

No, The US Is Not Overtaxed

No, The US Is Not Overtaxed. Despite what you may have heard, Americans are taxed less than residents of almost any other major developed country...

August 20, 2019Howard Gleckman Aravind Boddupalli

Federal Budget and Economy: TaxVox

Seven Think Tanks Describe Their Vision Of Government, And How They’d Fund It

Yes, you can have an ambitious domestic policy agenda and a nearly balanced budget. You can, at least, if you are a think tank and...

June 13, 2019Howard Gleckman

Federal Budget and Economy: TaxVox

The Post-TCJA Economy Continues To Grow

The beginning of the US economy’s second year under the Tax Cuts and Jobs Act was largely positive, though some troubling signs lurked just beneath...

May 7, 2019Howard Gleckman Aravind Boddupalli

Federal Budget and Economy: TaxVox

A Tale Of Two Economies: Comparing Trump’s Economic Forecast With CBO’s

A Tale Of Two Economies: Comparing Trump’s Economic Forecast With CBO’s President Trump’s 2020 budget is based upon an extremely optimistic view of the nation’s...

March 13, 2019Howard Gleckman

Federal Budget and Economy: TaxVox

What 2018’s Economic Data Tell Us About The TCJA

We now have a full year of data about the state of the US economy since President Trump signed the 2017 Tax Cuts and Jobs...

March 4, 2019Howard Gleckman Aravind Boddupalli

Federal Budget and Economy: TaxVox

The Federal Deficit Is Headed For $1 Trillion. Should We Care?

In its annual budget update, the Congressional Budget Office projected yesterday that under current law the federal deficit is headed for $1 trillion by 2022...

January 29, 2019Howard Gleckman

: TaxVox

(Not So) Happy Birthday to the Tax Cuts and Jobs Act

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA), the biggest tax overhaul in the United States in...

December 19, 2018William G. Gale

Federal Budget and Economy: TaxVox

The Fiscal Disarmament Of President Trump and the GOP

President Trump, who sees himself as the toughest guy in the room, is, along with his GOP allies in Congress, disarming the federal government’s ability...

February 14, 2018Howard Gleckman

Federal Budget and Economy: TaxVox

Starving the Beast? The Tax Cuts And Jobs Act Seems to Be Feeding It

For decades, a guiding principle for many conservatives was that tax cuts not only boost the economy directly but also by shrinking the size of...

February 6, 2018Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Memo to Steven Mnuchin: Trump’s Tax Plan Would Add $7 Trillion to The Debt Over 10 Years

At his Senate Finance Committee confirmation hearing today , Steven Mnuchin, President-elect Trump’s choice to head the Treasury Department, seemed somewhat confused about the Tax...

January 19, 2017Howard Gleckman