Taxes provide the revenue that finances government programs at all levels, with income and payroll taxes the largest federal revenue sources. Under the graduated tax system in the United States, those with larger incomes generally are taxed at higher rates than those with lower, but special tax breaks and loopholes can create complexity and inequity.
Top Economic Stories of 2013
December 17, 2013
Brookings Economic Studies experts offer insights and recommendations on what lies ahead in 2014, while weighing in on the economic developments that made headlines in the past 12 months.
U.S. Economic Performance
The Federal Budget
May 22, 2013, Adam Looney
Testimony | United States Senate Committee on Finance
September 15, 2011, William G. Gale
Testimony | Senate Budget Committee
March 15, 2011, Alice M. Rivlin
Testimony | Senate Finance Committee
May 11, 2010, Douglas J. Elliott
Testimony | U.S. Senate Committee on Energy and Natural Resources
December 2, 2009, Ted Gayer
May 13, 2008, William G. Gale
Testimony | U.S. Senate Committee on Finance
April 15, 2008, Jason Furman
Testimony | House Committee on Ways and Means
September 6, 2007, Jason Furman
Testimony | Testimony before the Maryland House of Delegates, Committee on Ways and Means
February 22, 2007, Ron Haskins
Testimony | Senate Committee on the Budget
January 31, 2007, Jason Furman
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The Center is made up of nationally recognized experts in tax, budget and social policy who have served at the highest levels of government. TPC provides timely, accessible analysis and facts about tax policy to policymakers, journalists, citizens and researchers.
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William G. Gale
Co-Director, Urban-Brookings Tax Policy Center
Director, Retirement Security Project
Co-Director, Center on Children and Families, Budgeting for National Priorities
Senior Fellow, Economic Studies
Isabel V. Sawhill
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