Tax Policy Center

federal spending

Federal Budget and Economy: TaxVox
House Republicans say they want to balance the federal budget in 10 years by cutting spending only, and seem to have received a promise from...
January 17, 2023Howard Gleckman
Federal Budget and Economy: TaxVox
When Congress increases spending and cuts taxes then fails to extend the nation’s debt limit, it effectively orders the president to run deficits while prohibiting...
September 29, 2021C. Eugene Steuerle
Federal Budget and Economy: TaxVox
On September 30, President Trump held a fundraiser in St. Paul MN, an event that received a lot of attention because he participated even after...
October 9, 2020Leonard E. Burman
: TaxVox
Presidential Budgets reveal much about the priorities of an administration. President Trump’s fiscal year 2021 budget, released in early 2020, proposes almost no additional resources...
June 9, 2020C. Eugene Steuerle
Individual Taxes: TaxVox
I look forward to the day when the economy is strong enough that we can worry about the gigantic debt left behind by federal relief and recovery efforts.
May 28, 2020Janet Holtzblatt
State and Local Issues: TaxVox
On January 15, I testified before the House Budget Committee on how to strengthen the federal-state-local government partnership. I urged Congress to revise funding formulas...
January 17, 2020Tracy Gordon
Federal Budget and Economy: TaxVox
The Treasury Department reported this week that the federal budget deficit for fiscal year 2018 increased by $113 billion, or 17 percent from 2017, resulting...
October 17, 2018Howard Gleckman
Federal Budget and Economy: TaxVox
Without changes in the law, health care, Social Security, and interest on the debt will eat up 85 percent of all new federal government spending over the next 10 years, according to the latest estimates by the Congressional Budget Office. By contrast, CBO expects most of the rest of government,
August 28, 2014Howard Gleckman
Individual Taxes: TaxVox
At 8:30 this morning, Uncle Sam suddenly shrunk. Federal spending fell from 21.5 percent of gross domestic product to 20.8 percent, while taxes declined from...
July 31, 2013Donald Marron
Federal Budget and Economy: TaxVox
Max Baucus and Dave Camp, leaders of the Senate and House tax-writing committees, are on the road promoting tax simplification. One goal: cleaning out the...
July 8, 2013Donald Marron