Tax Policy Center

federal debt

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
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
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
The Congressional Budget Office just projected a series of $1 trillion budget deficits—as far as the eye can see. Narrowing that deficit will require not...
January 30, 2020William G. Gale
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
A few years ago, the Internet went wild over a photograph of a dress. Was it blue and black, or white and gold? Many people...
April 4, 2019William G. Gale
: TaxVox
The return of divided government and the early stages of the next presidential election create enormous uncertainty about how 2019 will go. As Yogi Berra...
January 4, 2019William G. GaleMark J. Mazur
Federal Budget and Economy: TaxVox
Participants at a May 23 event on the effects of the Tax Cuts and Jobs Act (TCJA) on economic growth broadly agreed that the 2017...
May 29, 2018Benjamin R. Page
Federal Budget and Economy: TaxVox
In its April fiscal update , the Congressional Budget Office estimated that the Tax Cuts and Jobs Act (TCJA) would increase the federal debt by...
April 30, 2018Benjamin R. Page
Federal Budget and Economy: TaxVox
CBO recently released new budget projections that incorporate the 2017 tax act and the 2018 spending deals. In a new paper with Alan J. Auerbach,...
April 23, 2018William G. GaleAaron Krupkin