Fiscal Policy

Unrealized capital gains taxes may start by targeting the ultra-rich, but they will eventually target you.

The apple doesn't fall too far from the Oval Office when it comes to putting a disingenuous spin on ruinous economic policy.

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In ten years, Americans counting on Social Security benefits for income will be in for a shock. The shock will come because the trust fund that provides about one-fifth of the cash Social Security benefits receive will run out of money in 2033. Starting in 2034, under current law, Social Security will only have enough money to pay 79% of its pro

Thailand’s prime minister has said that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy.

The national debt continues to grow, but should we be worried? Do we need to cut government spending, or is the growing debt actually sustainable? What is & ...

A day after at least 23 people were killed in demonstrations against a tax increase, President William Ruto withdrew the law that he said was necessary to avoid defaulting on the country’s debt.

The spending plan featured $409 million for dozens of special projects across the state, including a zoo and minor league baseball stadiums.

The federal deficit in 2023 was $1.7 trillion, equal to 6.3 percent of gross domestic product.

Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year, but their efforts came to nothing. Gov. Brian Kemp on Tuesday vetoed a bill to pause for two years a sales tax exemption the state gives for building and equipping computer data centers.

Spending Explorer lets you explore the federal spending landscape through the lens of three accounting categories: Budget Function (spending purpose), Agency (spending source), and Object Class (purchased item or service).

Thirty‐​two terrible U.S. spending policies are going head‐​to‐​head in a classic, single‐​elimination tournament format. And you get to decide the worst of the bunch.

The nation's debt now stands at nearly $34.4 trillion.

Health campaigners will welcome new unit rate of 65p, which will push bottle of whisky to at least £18.20

As US debt grows, the amount of money we spend on interest increases. But how does the US government take on debt, and who do we pay interest to?

Shortly after a Delaware judge voided Elon Musk’s $55 billion Tesla Inc. compensation package, the billionaire took to social media to vent his feelings: “Never incorporate your company in the state of Delaware.”

In fiscal year 2023, the federal government is estimated to spend $6.3 trillion, amounting to 24.2 percent of the nation’s gross domestic product (GDP). Of that $6.3 trillion, over $4.8 trillion is...

The federal government routinely uses government spending and taxes to help offset the highs and lows of the U.S. business cycle. While government spending typically increases during a recession, the magnitude of the fiscal expansion during the pandemic recession was outsized compared with the average historical pattern. This likely contributed to real economic growth and possibly inflation during the recovery. Over the next few years, U.S. fiscal policy is expected to be roughly neutral, providing neither a tailwind nor headwind to the overall economy.

The U.S. government spent $659 billion this year paying off the interest on its debt, according to a Treasury report released Friday.

The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare and record-high interest costs on the federal debt rose.

People's Pie is a balancing act! You must fund important programs without setting tax rates too high or borrowing too much money. To succeed, you must keep your residents happy and avoid a burdensome national debt. Are you ready for a piece of People’s Pie? In People's Pie, you will:

The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years.

This annual publication provides details of taxes paid on wages in OECD countries. This year’s edition focuses on the impact of recent inflation on labour taxation in the OECD and how countries adjust their tax systems in response.

Exploring the impact of the United States's latest credit rating downgrade and what it means for investor confidence at home and abroad

It might have more to do with the country’s political dysfunction than with its solvency.

The biggest tax policy changes enacted under President George W. Bush were the 2001 and 2003 tax cuts, often referred to as the “Bush tax cuts” but formally named the Economic Growth and Tax...

Federal Debt: Total Public Debt as Percent of Gross Domestic Product

This paper considers top income taxation when (i) new ideas drive economic growth, (ii) the reward for successful innovation is a top income, and (iii) innovation cannot be perfectly targeted by a research subsidy—think about the business methods of Walmart, the creation of Uber, or the “idea” of Amazon. These conditions lead to a new force affecting the optimal top tax rate: by slowing the creation of new ideas that drive aggregate GDP, top income taxation reduces everyone’s income, not just income at the top. This force sharply constrains both revenue-maximizing and welfare-maximizing top tax rates.

The agreement secures some GOP priorities on spending, permits and the safety net, but left the heart of President Joe Biden's agenda intact — at least until the next fight.