Per Treasury, the five largest federal tax expenditures in fiscal year 2023 will each cost over $100 billion in forgone tax revenue. These are broadly for health care benefits, housing, capital gains, retirement, and families with children.
April 3, 2023
According to the Federal Reserve, 77% of US families held debt in 2019, but their sources of debt varied. 52% held debt from installment loans, 45% from credit card balances, 42% from their primary residence.
March 27, 2023