Federal Deficit

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Trump: Making the Trade Deficit Great Again Report

Trump: Making the Trade Deficit Great Again

President Trump’s combination of tax cuts, hawkish monetary policy, and financial deregulation will cause the U.S. dollar and trade deficit to rise.

Brendan Duke

We’ve Made Remarkable Progress Toward Reducing the Deficit Article
Dusk falls over the U.S. Capitol Building in Washington, Monday, September 30, 2013. (AP/Evan Vucci)

We’ve Made Remarkable Progress Toward Reducing the Deficit

The Congressional Budget Office’s most recent budget projections show that the United States has made astounding progress toward reducing the federal budget deficit.

Michael Linden

Budget Cuts Set Funding Path to Historic Lows Report
The U.S. Supreme Court Building is seen in Washington, D.C. (AP/Susan Walsh)

Budget Cuts Set Funding Path to Historic Lows

Spending on a raft of key federal programs from airport security to health care research under the “non-defense discretionary” budget banner will dip to all-time lows under the Budget Control Act.

Michael Linden

Loopholes in the Estate Tax Show Why Revenue Must Be on the Table Article
Donald Trump poses with his daughter Ivanka at the opening of the Trump SoHo New York in 2010. With the passage of the American Taxpayer Relief Act, the estate tax is permanently diminished. (AP/Mark Lennihan)

Loopholes in the Estate Tax Show Why Revenue Must Be on the Table

Before Congress sacrifices needed public investments or puts programs that serve middle-class families at risk in the name of deficit reduction, it should ensure that the estate tax is actually paid by the few wealthy estates still subject to it.

Seth Hanlon, Sarah Ayres Steinberg

The Deficit Reduction We Have Achieved So Far Article
 (President Barack Obama)

The Deficit Reduction We Have Achieved So Far

Three-quarters of the $2.4 trillion in deficit reduction already enacted since the start of fiscal year 2011 has been spending cuts.

Michael Linden, Michael Ettlinger

Revenue from the Fiscal Cliff Deal in Context Article
President Barack Obama and Vice President Joe Biden make a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House in Washington, Tuesday, January 1, 2013. (AP/Charles Dharapak)

Revenue from the Fiscal Cliff Deal in Context

After a decade of repeated tax cuts, the increase in revenue achieved in the legislation to avoid the so-called fiscal cliff is a step in the right direction, but it won’t be enough.

Michael Linden, Michael Ettlinger

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