Category: Tax Policy Center

‘Unsustainable’ Health and Retirement Spending Will Hurt Government Finances: Tax Policy Center

June 29, 2023
Business & Marketseconomic policieseconomyPolicies & ImpactsTax Policy CenterU.S. Debt LimitUSUS News
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The Tax Policy Center has criticized the recently passed bipartisan debt deal for failing to cut down government spending in health care and Social Security programs, warning that the country’s finances could go haywire in the future without reforms in these categories. “This budget agreement failed to touch the major items of spending growth, health…

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Study Reveals Spending Bill Would Raise Taxes on Middle Class, Despite Biden’s Promise

November 12, 2021
000400DemocratseconomyJoe BidenPoliticsSaltSpending billtaxTax Policy CentertaxesUSUS News
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President Joe Biden’s Build Back Better spending plan would raise taxes on middle-class Americans, according to a study released Thursday, despite the president’s pledge that taxes would only increase for Americans earning $400,000 or more per year. The Tax Policy Center study instead revealed a significant percentage of middle-income households would pay increased taxes in…

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