Pew's Fiscal Federalism Initiative is currently exploring the impact of federal deficit reduction on the states by investigating:
- The sensitivity of state budgets to changes in federal spending;
- The interconnectedness of federal and state tax policies;
- How federal regulatory policy has a fiscal impact on states; and
- The impact of federal tax and spending policies on state economies and the potential indirect effect on state finances.
Our original, non-partisan research gives both state and federal policy makers the information they need to make informed fiscal decisions.
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RESEARCH from the Project
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- Report
- Fiscal Federalism Initiative
Using a VAT to Reform the Income Tax
This paper describes the Graetz proposal in detail and analyzes its effects on federal revenues, spending and the deficit, the distribution of the tax burden, marginal tax rates and other incentives, and the tax system’s administrative and compliance costs. more
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- Report
- Fiscal Federalism Initiative
November 2011 Addendum: A Year or More: The High Cost of Long-Term Unemployment
In the third quarter of 2011, approximately 31.8 percent of the nearly 14 million Americans who were unemployed had been jobless for a year or more.
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- Interactive
- Fiscal Federalism Initiative
The Pew Budget Challenge
Tough choices are required to solve the debt crisis, as the Super Committee knows. Can you make them? Find out by taking the Pew Budget Challenge! Choose from more than 100 spending and tax policy options to reduce the national debt to a sustainable level of 60 percent of the GDP in the next 10 years
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- Fiscal Federalism Initiative
Using a VAT for Deficit Reduction
This paper examines two options to increase revenues. The first option is to adopt a value-added tax (VAT). The other option would reduce the deficit by the same amount as the VAT, but in a very different way: by increasing all individual income tax rates, including those that apply to capital gains and dividends.
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October 11, 2011
Ten Charts Essential to Understanding the Federal Debt
Ten charts that illustrate how the choices made over the last 10 years contributed to our nation’s debt.
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July 1, 2011
The Debt Ceiling Debate
This brief examines how a potential default by the federal government could present serious challenges to states and cities. more
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- Fiscal Federalism Initiative
The Costs and Benefits of Housing Tax Subsidies
Research has attributed many economic and social costs and benefits to housing. This study assesses one very targeted component of this complex issue—the fiscal costs and benefits of the housing subsidies that currently exist in the U.S. income tax system and the impact of several alternatives. more
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June 1, 2011
The U.S. Debt Limit: Frequently Asked Questions
The debt limit (also called the debt ceiling) is established in law and limits the amount of debt that the federal government can issue. This 2011 Q&A addresses questions about the U.S. Debt Limit. more
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- Analysis
- Fiscal Federalism Initiative
Fiscal Facts: The Great Debt Shift
A new fiscal fact sheet by Pew examines major legislative policies and other drivers of federal debt over the last decade to explain the difference between 2001 projections and the reality today. more
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- Fiscal Federalism Initiative
Methodology for Distributing a VAT
This paper examines the methodology for distributional analysis of a VAT and presents a revised methodology that would improve the analysis.
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