Tax Policy Center: Budget Issues

Foreign investors, retirement accounts, and other tax-exempt entities now dominate US stock ownership. This shift has important implications for understanding who wins and who loses...

https://www.taxpolicycenter.org/taxvox/whos-left-tax-grappling-dwindling-shareholder-tax-base

Federal corporate income taxes are paid by US resident C-corporations, and revenues comprised 2% of total GDP in FY 2022. In the last 90 years,...

https://www.taxpolicycenter.org/fiscal-fact/historical-receipts-percentage-gdp-1934-2022

Want to know why the budget deficit is enormous and growing? One reason is that when one political party in Congress proposes new tax cuts...

https://www.taxpolicycenter.org/taxvox/watch-congress-spend-and-cut-taxes-more-despite-its-deficit-hang-wringing

Tax Policy Center reports on: Budget Issues - The Tax Policy Center is a joint venture of the Urban Institute and Brookings Institution. The Center is comprised of nationally recognized experts in tax, budget, and social policy who have served at the highest levels of government.

https://www.taxpolicycenter.org/publications/racial-disparities-treatment-capital-income-federal-individual-income-tax

In FY 2022, the federal government spent $1.3 trillion on Medicare ($747 billion) and Medicaid ($592 billion), together comprising 21% of total federal spending. Their share has grown from averag...

https://www.taxpolicycenter.org/fiscal-fact/medicare-and-medicaid-federal-outlays-2022

The federal government spent $1.2 trillion on Social Security in FY 2022, which comprised 19% of total federal spending. OMB estimates Social Security will be 23% of total federal spending by 202...

https://www.taxpolicycenter.org/fiscal-fact/social-security-outlays-1962-2022

The recent compromise between Republicans and Democrats on extending the federal debt limit was hailed for avoiding the disaster of a default, demonstrating that both...

https://www.taxpolicycenter.org/taxvox/debt-limit-deal-continues-misallocation-budget-dollars

House Speaker Kevin McCarthy (R-CA) and President Joe Biden reached an agreement over the weekend to limit spending for a small fraction of the federal...

https://www.taxpolicycenter.org/taxvox/debt-limit-battle-produced-plenty-drama-few-budget-cuts-0

Federal payroll tax revenues were equivalent to 5.9% of GDP in 2022. After rising steadily for decades because of tax rate increases and base broadening, revenues leveled off in the 1990s, averag...

https://www.taxpolicycenter.org/fiscal-fact/total-social-insurance-and-retirement-receipts-1940-2022

Tax Policy Center reports on: Budget Issues - The Tax Policy Center is a joint venture of the Urban Institute and Brookings Institution. The Center is comprised of nationally recognized experts in tax, budget, and social policy who have served at the highest levels of government.

https://www.taxpolicycenter.org/publications/incorporating-intangibles-tpc-effective-tax-rate-models