Raising Revenue to Address the U. S. Debt Trajectory - Raising Revenue . . . The deficit can and should be reduced by closing tax loopholes for the wealthiest of the wealthy and going after tax cheats among the wealthiest of individuals and big corporations—a move that requires maintaining funding for the Internal Revenue Service
Could tax increases alone close the long-run fiscal gap? To stabilize the debt ratio at today’s level, we would need to either raise taxes or lower non-interest spending by 2 2% of GDP This is eminently doable through tax increases alone, as our own historical past and the experience of other rich nations suggest
76 Options for Reducing the Deficit - pgpf. org The nonpartisan Congressional Budget Office released 76 policy options — spanning both revenues and spending — that could help bring the country’s rising debt under control
What Would It Take To Stabilize the Debt-to-GDP Ratio? What Would It Take To Stabilize the Debt-to-GDP Ratio? Because most of the Bush-era tax cuts were permanently extended, the United States is projected to have the debt ratio rise
Pro-growth policies alone can’t stabilize federal debt We find that growth-enhancing policies almost certainly cannot stabilize federal debt on their own, but that such policies can reduce the explicit tax hikes, spending cuts, or both that are needed to stabilize debt
Key Budget and Economic Data | Congressional Budget Office 10-Year Budget Projections Projections of spending and revenues by category and of deficits and debt held by the public (Files combining such projections made from the 1980s through the most recent year can be found on CBO’s Github page)