Tax Policy Center

treasury

Individual Taxes: TaxVox

The Fed and America’s Debt

Is the Federal Reserve part of the government? You might think so, but you wouldn’t know it from the way we talk about America’s debt...
July 15, 2013Donald Marron
Individual Taxes: TaxVox

Uncle Sam’s Trillion-Dollar Portfolio Partly Offsets the Public Debt

When policy folks talk about America’s federal borrowing, their go-to measures are the public debt, currently $12 trillion, and its ratio to gross domestic product,...
June 24, 2013Donald Marron
Federal Budget and Economy: TaxVox

Uncle Sam’s Growing Investment Portfolio

The federal government has been borrowing rapidly to finance recent budget deficits. But that’s not the only reason it’s gone deeper into debt. Uncle Sam...
June 17, 2013Donald Marron
Federal Budget and Economy: TaxVox

Does the Tax Reform Act of 1986 Offer Lessons for Future Reform?

As the economic coordinator of the Treasury study that led to Tax Reform Act of 1986, I've always found it fascinating to read and listen...
October 20, 2011C. Eugene Steuerle
Federal Budget and Economy: TaxVox

The Day the United States Defaulted on Treasury Bills

Since the day of Alexander Hamilton, the United States has never defaulted on the federal debt. That’s what we budget-watchers always say. It’s a great...
May 26, 2011Donald Marron
Individual Taxes: TaxVox

Too Many Cooks on Tax Policy?

I’m preparing a presentation on our tax system for a group of visiting foreign tax officials and they wanted to know how responsibilities are divided...
May 16, 2011Leonard E. Burman