Tax Policy Center

federal debt

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
Individual Taxes: TaxVox
Without offsetting spending cuts that President-elect Trump has yet to describe, his plan offers a giant tax cut that the US can’t readily afford. Would it be worth it?
December 7, 2016Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox
Donald Trump’s tax and spending plan would nearly triple interest rates and increase the federal government’s debt by $14 trillion by 2026, according to an...
June 21, 2016Howard Gleckman