Tax Policy Center

budget forecast

State and Local Issues: TaxVox
States saw robust tax revenue growth in fiscal years 2021 and 2022, largely caused by federal and state policy actions. But forecasts now look much...
March 14, 2023Lucy Dadayan
Federal Budget and Economy: TaxVox
The federal government may once again have an opportunity to learn a painful lesson about the price of increasing debt and rising interest rates in...
May 26, 2022Howard Gleckman
Federal Budget and Economy: TaxVox
CBO Predicts Historic Levels of Debt By Mid-Century If the US continues today’s patterns of taxes and spending, the national debt will almost triple as...
June 25, 2019Howard Gleckman
Federal Budget and Economy: TaxVox
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