Tax Policy Center

budget deficit

Campaigns, Proposals, and Reforms: TaxVox

Paying for Infrastructure With Pixie Dust

President Biden and a bipartisan group of senators have agreed to the framework of a plan to boost infrastructure spending by about $579 billion. On...
June 29, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

The Deficit Is Likely To Be Bigger Than Biden Projects, But Not Because Of A Rosy Economic Forecast

Those of us who have been writing about the federal budgets for too long remember the sad history of presidents trotting out wildly optimistic economic...
June 2, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

How Existing Budgetary Commitments Could Affect President Biden’s Domestic Policy Goals

The COVID-19 pandemic and accompanying recession laid bare many of the needs of working families and children, as well as federal, state, and local governments’...
May 13, 2021C. Eugene Steuerle
Federal Budget and Economy: TaxVox

The Delicate Deficit Dance That May Define Biden’s Presidency

It was fascinating to watch Treasury-secretary designate Janet Yellen and several Republican members of the Senate Finance Committee dance their delicate deficit dance at Yellen’s...
January 20, 2021Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Treasury Pick Yellen Likes Carbon Taxes and More Pandemic Relief, But Not The TCJA

Janet Yellen, president-elect Joe Biden’s pick for Treasury Secretary, would come to the job with largely predictable views on tax policy for a mainstream, center-left economist.
November 24, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

How Will We Pay For All The Coronavirus Relief?

Perhaps it is a good time to start thinking about how the federal government is going to repay this new debt.
April 23, 2020Howard Gleckman
Federal Budget and Economy: TaxVox

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 GleckmanAravind 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 GleckmanAravind 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