The federal government reported an estimated $236 billion in “improper payments” during the most recently completed fiscal year (FY 2023). Such payments are essentially payment errors that can be the result of many things—including overpayments, inaccurate recordkeeping, or even fraud.Payment errors are a long-standing issue for the federal government. Over the last 20 fiscal years, it has made an estimated $2.7 trillion in such improper payments.| www.gao.gov
Notes About This ReportNotes About This ReportThe budget projections in this report include the effects of legislation enacted through May 12, 2024, and are based on the Congressional Budget Office’s economic projections. Subsequent legislation that has been enacted to date would not significantly change the projections presented here.| Congressional Budget Office
WASHINGTON, D.C. – Ahead of the expiration of key components of the Tax Cuts and Jobs Act in 2025, the Ways and Means Committee is examining pro-growth and pro-family policies to determine how best to build on its success. Under the 2017 Trump tax cuts, real median household income increased by $5,000 and real wages rose by 4.9 percent in the two years after the legislation was signed into law. The economy grew an entire percentage point faster than projected, and the trend of American c...| Ways and Means