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taxfoundation.org | ||
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www.gao.gov
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| | | | | Increased federal spending in response to COVID-19, as well as rising interest rates, have added to our nation's financial woes. At $2.8 trillion, the FY 2021 budget deficit was the second largest in history-just short of the FY 2020 deficit of $3.1 trillion. These historically large deficits were due primarily to the economic disruptions caused by COVID-19-which decreased revenues in FY 2020-and the additional spending by the federal government in response to help the nation recover from the pandemic. | |
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www.pgpf.org
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| | | | | For the first few years after TCJA's enactment, revenues from corporate taxes dropped sharply, but they returned to pre-TCJA levels starting in 2021. | |
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obamawhitehouse.archives.gov
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| | | | | The House will vote today on a resolution requiring the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) to adopt a practice known as "dynamic scoring," which would change how the Congress calculates the expected cost of a piece of legislation. Current rules require calculating a policy's direct cost to the government, which includes looking at how affected individuals and firms would react to the policy. | |
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www.nextgov.com
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| | | President Donald Trump's nominee to run DHS wants the Cybersecurity and Infrastructure Security Agency to be smaller and stay out of monitoring disinfo. | ||
