More on this issue


New on this Topic

Policy Basics

The individual income tax and payroll tax together generate 84 percent of federal revenues, while corporate, excise, and other taxes generate the rest.

We analyze major tax proposals, examining their likely impact on the economy, on the nation’s fiscal health, and on the government’s ability to address critical national needs, especially over the long term. We also examine the impact of tax proposals on households at different income levels.

Build Back Better Reduces Racial Disparities

The House Build Back Better (BBB) legislation takes important steps to address racial disparities rooted in this nation’s long history of racism and discrimination, which has created large gaps...