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TaxVox: Federal Budget and Economy

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The voices of Tax Policy Center's researchers and staff

president joe biden
Federal Budget and Economy

A First Look At The Revenue Provisions Of Biden’s 2024 Budget

March 9, 2023 –
A First Look At The Revenue Provisions Of Biden’s 2024 Budget President Biden’s 2024 budget would raise taxes by more than $4.5 trillion over the...

What Paul Krugman Gets Wrong About Social Security

March 6, 2023 –
People may disagree about whether to raise taxes or limit the growth of benefits to extend the solvency of the Social Security trust funds. But...
Federal Budget and Economy

Proposed FairTax Rate Would Add Trillions to Deficits Over Ten Years

March 1, 2023 –
In a deal that secured Kevin McCarthy the speakership, House Republicans plan to vote on the FairTax Act of 2023 (H.R. 25), which would...
Federal Budget and Economy

Breaching The Debt Limit Risks Hurting Children

February 22, 2023 –
In a year when child poverty has risen substantially following the expiration of temporary tax benefits, Washington intransigence over raising the debt ceiling could put...
Biden delivering his 2023 state of the union address to a joint session of Congress
Federal Budget and Economy

CBO: $19 Trillion In New Debt Over The Next Decade, Mostly From Programs Nobody Will Cut

February 16, 2023 –
The Congressional Budget Office estimates the national debt will increase by $19 trillion over the next decade under current law, $3 trillion more than it...
Internal Revenue Service sign in front of IRS headquarters
Federal Budget and Economy

Monitoring the IRS Commissioner Confirmation Hearing? TPC’s Writings Can Help You Prep

February 14, 2023 –
Valentine’s Day might not be too festive for Danny Werfel this year. He’s got what will probably be the most difficult test of his professional...
Federal Budget and Economy

Congress’s Medicare Financing Mess is Bigger Than You Think

February 6, 2023 –
While Congress talks about the federal debt, it’s still hesitating to deal with one major source of rising deficits—Medicare—that it can’t avoid much longer. Medicare’s...
stock Medicare photo showing a stethoscope and pills
Federal Budget and Economy

The Effects Of Using New Tax Revenue To Shore Up Medicare’s Finances

February 1, 2023 –
How could new tax revenues ease Medicare’s substantial financial pressures? And how would those tax hikes affect federal revenues and the distribution of tax burdens...
house appropriations committee chair kay granger
Federal Budget and Economy

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

January 17, 2023 –
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...
US Capitol
Federal Budget and Economy

Here Comes The FairTax … Again

January 12, 2023 –
The idea of replacing all major federal taxes with a national sales tax – and using the opportunity to “abolish” the IRS – has been...
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Brief

The Tax Gap’s Many Shades of Gray (Brief)

  • Tax Professor Daniel Hemel
Daniel Hemel, Janet Holtzblatt, Steven M. Rosenthal
February 22, 2022

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  • Howard Gleckman
    Senior Fellow
  • Mark J. Mazur
  • Kim S. Rueben
    Sol Price Fellow
  • Janet Holtzblatt
    Senior Fellow
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    Institute Fellow and Codirector, Tax Policy Center
  • William G. Gale
    Codirector
  • Leonard E. Burman
    Institute Fellow

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