Tax Policy Center

deficits

Federal Budget and Economy: TaxVox

Should We Worry About The Long-Term Federal Debt In An Era of Low Interest Rates?

For decades, conventional wisdom said that high levels of federal debt created a significant drag on the economy by diverting money that could more productively...
December 7, 2020Howard Gleckman
: TaxVox

Reporting, Responding, and Partnerships

Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then. Stranger than fiction: The IRS, “structuring,” and asset seizures. A business’ cash deposits, if under $10,000, do not trigger a government reporting requirement. But that could look like “
October 27, 2014Renu Zaretsky
Individual Taxes: TaxVox

Deficits After ATRA

The American Taxpayer Relief Act (ATRA) , the New Year’s legislation that effectively forestalled the bulk of the January 2013 fiscal cliff, probably staved off...
January 31, 2013Benjamin H. Harris