Federal Budget Analysis: Taxes & Revenue

Federal Budget Timeline: Beyond the Fiscal Cliff in 2013

Jan. 9, 2013

The federal budget process is always complicated. This is truer today than perhaps ever before. Over the coming weeks and months Congress will take on issues that will shape our government for years to come.

The Fiscal Cliff Deal

Jan. 2, 2013

At the eleventh hour, Congress and President Obama reached a deal to address the fiscal cliff. The deal focused on tax revenue and included a number of changes to the tax code, including a permanent extension of the Bush-era tax cuts on income below $450,000 for families and below $400,000 for individuals.

What is the Fiscal Cliff? Resources on the Bush Tax Cuts, Sequestration, and the Lame Duck Congress

Nov. 7, 2012

In the coming weeks, Congress will take on the fiscal cliff and make decisions about the Bush tax cuts, the automatic spending cuts known as sequestration, and a host of other tax and spending issues that will affect every American. We've got all the details in plain English so you can follow these important negotiations and tell Congress your priorities.

Election 2012: The Voter Guide

Sept. 7, 2012

National Priorities Project's suite of resources for the 2012 election: A comparison of the presidential candidates on 12 key issues, plus fact sheets with crucial background information on Medicare, Social Security, taxes, and more.

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The Untold Story of Deficits in Washington

July 19, 2012

In 2000, the federal government had a balanced budget and projected surpluses for years to come. Fast forward a decade, and Washington runs steep budget deficits while news media report that federal spending is out of control. But deficits depend on two things: spending and revenue. In 2000, when the budget was balanced, federal tax revenue amounted to around 20 percent of the U.S. economy.

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Competing Visions

March 28, 2012

This week the House of Representatives will consider two significantly different alternatives to the president’s fiscal 2013 budget request— the Republican draft budget resolution, introduced by Rep. Paul Ryan, and an alternative introduced by the Congressional Progressive Caucus (CPC). The two budgets offer vastly different visions for the nation, and each uses the president’s budget as a baseline to compare their contrasting proposals. Rep. Ryan reduces tax rates as well as spending, finding savings largely from domestic programs that serve low-income people, including Medicaid and the food stamp program. The CPC increases revenues with higher tax rates on wealthy individuals and corporations, while adding substantial new spending for job creation and making few changes to domestic programs.

Tax Day 2012

March 21, 2012

On April 17, 2012, your 2011 federal income tax return is due to the IRS. Where did the federal government spend your income taxes during fiscal year 2011?

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Primary Stakes

March 5, 2012

The presidential election is about voters’ vision for how the federal government should serve the American people, so National Priorities Project is examining the extent to which residents of key primary states currently rely on federal support. Federal money often comprises a third or more of state budgets, while residents of those states receive thousands of dollars of direct federal assistance from programs ranging from Social Security and Medicare to Pell Grants or unemployment compensation.

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President Obama's Fiscal Year 2013 Budget

Feb. 29, 2012

On Feb. 13, the president released his budget proposal for FY 2013. National Priorities Project looks at the numbers, the history behind them, and why the president's budget matters.

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An Economy That’s Built to Last: The 2012 State of the Union Address

Jan. 26, 2012

National Priorities Project takes apart President Obama’s last State of the Union Address in his first term as president.