Charts Corporate profits now constitute a record-breaking share of total national income, while corporate taxes contribute a declining share of total federal revenues.
Issue Brief Despite bipartisan agreement to double funding for basic research, Congress has not followed up with the appropriations necessary to meet this goal.
Charts Unnecessary short-term spending cuts to solve a nonexistent debt crisis have caused measurable economic damage.
Issue Brief Wealth inequality has increased dramatically in recent years, and government subsidies for capital gains and dividends are only making the situation worse by helping the rich get richer.
Pfizer’s attempt to move its headquarters out of the United States by acquiring the U.K.-based AstraZeneca corporation highlights why the United States must prevent these kinds of corporate inversions—and why corporate tax reform must not become a race to the bottom.
Kevin DeGood and Harry Stein write on Highway Trust Fund insolvency.
Issue Brief The conservative economic framework at the core of the Ryan budget remains stuck on supply-side and trickle-down theories that have been discredited and are out of touch with today’s economy.
This year’s Ryan budget once again slashes middle-class investments and the social safety net in order to continue giving tax breaks to millionaires, corporations, and Big Oil.
Expiring corporate tax breaks are not a greater emergency than expired unemployment benefits.
The current spending cap is a compromise of a compromise for progressives.
The president’s fiscal year 2015 budget focuses on growing the economy and pivots away from austerity.
While a step in the right direction, the omnibus spending bill is also a reminder of how much our fiscal policy needs to improve to get the economy moving.
Although some unfortunate concessions had to be made to appease conservatives, the Murray-Ryan budget deal is a net-positive step for the United States.
Issue Brief Congress always intended to replace the sequester with smarter deficit reduction—then they slashed deficits but still left the full sequester in place.