How Much Would It Cost to Make the TCJA Permanent?
The CBO projects that extending the TCJA would increase deficits by $4.6 trillion over 10 years.
https://www.pgpf.org/blog/2024/06/how-much-would-it-cost-to-make-the-tcja-permanent
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The CBO projects that extending the TCJA would increase deficits by $4.6 trillion over 10 years.
https://www.pgpf.org/blog/2024/06/how-much-would-it-cost-to-make-the-tcja-permanent
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2024, charted out monthly and on a year-over-year basis.
Tax expenditures are costly for the federal government but they can be effective vehicles for lawmakers to achieve policy goals.
The 2017 Tax Cuts and Jobs Act made a number of changes to the corporate tax code, most prominently lowering the top corporate tax rate from 35 to 21 percent.
https://www.pgpf.org/blog/2024/05/how-did-the-tcja-affect-corporate-tax-revenues
The President's budget includes a number of tax proposals that would increase revenues and reduce spending by $4.3 trillion over the next 10 years.
The child tax credit (CTC) is a measure administered though the tax code that is designed to make raising children more affordable by easing the financial burden faced by families.
https://www.pgpf.org/budget-basics/what-is-the-child-tax-credit
Over the last four decades, federal grants to state and local governments have made up about 17 percent of their total revenues.
Take our quiz to see how much you really know about how revenues are collected and federal funds are spent.
https://www.pgpf.org/quiz/how-much-do-you-know-about-the-federal-budget
The lengthy and complex United States tax code can be difficult for Americans to understand.
https://www.pgpf.org/quiz/how-much-do-you-know-about-the-us-tax-system
Tax reform done right will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook.