Understanding the Federal Budget | Peterson Foundation
The federal budget is more than just a set of numbers. Learn about revenues, spending, and the budget process.| Peterson Foundation
The federal budget is more than just a set of numbers. Learn about revenues, spending, and the budget process.| Peterson Foundation
Tax expenditures can come in the form of exclusions, exemptions, deductions, and credits.| Peterson Foundation
While the capital gains tax affects anyone selling a capital asset, higher-income individuals are typically subject to the tax more so than average Americans.| Peterson Foundation
Revenues raised by the corporate income tax represent the third-largest category of federal revenues in the United States.| Peterson Foundation
The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.| Peterson Foundation
Tax breaks totaled over $1.9 trillion in 2024. That’s more than the government spends on Social Security, defense, or Medicare and Medicaid.| Peterson Foundation
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Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.| Peterson Foundation
The CTC is designed to make raising children more affordable by easing the financial burden faced by families.| Peterson Foundation
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