Tax Policy Center

federal spending

Federal Budget and Economy: TaxVox

Balancing The Federal Budget In 10 Years Without Raising Taxes Is….Impossible

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

What Should the President Do When Debt Limit Inaction Forces Him To Violate The Law?

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

It’s Not News That Congress’s Budget Process Is A Wreck, But It Should Be

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

The COVID-19 Crisis Reveals The President’s Misplaced Budget Priorities

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

Should Wealth Taxes Pay For Coronavirus Relief And Recovery?

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

Strengthening The Federal-State-Local Partnership In Recession And Recovery

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 Price Of Tax Cuts And Spending Hikes

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

CBO’s Spending Projections Map the Coming Fiscal Battle

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

Uncle Sam Is Smaller (Relatively) Than We Thought

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

Smart Tax Reform Could Shrink the Government

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