From EconoFact:
In-depth articles providing the context and background necessary to understand current economic policy challenges and the tradeoffs involved in tackling them.
Federal Debt and the Risk of a Fiscal Crisis
May 26, 2026
High and rising federal debt, combined with concerns about policymakers’ willingness and ability to manage the government’s finances, increase the risk of a fiscal crisis in which investors demand sharply higher interest rates to hold US Treasury securities.
Taxing Domestic and Multinational Corporations
May 26, 2026
Corporate taxation must balance raising adequate revenue while minimizing distortions to business decisions. The corporate income tax is an essential component of the federal tax system, raising roughly $450 – $500 billion annually, or about 8 to 10% of total tax receipts.
Understanding The Medicaid Program
May 26, 2026
Medicaid is a joint federal-state health insurance program that covers over 75 million low-income and disabled Americans as of January 2026. Medicaid, along with the closely linked Children’s Health Insurance Program (CHIP), is by far the largest social safety net program in America and one of the largest items on state government budgets.
Special Income Tax Treatment of Tip and Overtime Income
May 26, 2026
The One Big Beautiful Bill Act (Public Law 119-21), enacted by Congress in July 2025, changed the Federal income tax treatment of tip and overtime income for the tax years 2025 – 2028.
The Challenges Facing Social Security
May 26, 2026
Social Security is a cornerstone of America’s social safety net, providing retirement, survivor, and disability benefits to over 70 million Americans — approximately one in five people.
How Should the U.S. Tax the Great Wealth Transfer?
May 26, 2026
In the next few decades, the U.S. will experience “The Great Wealth Transfer” – the largest set of intergenerational wealth transfers in history.
The US – EU Dispute Over Digital Services Taxes
May 26, 2026
An ongoing dispute between the United States and various European Union countries centers on the latter’s imposing digital services taxes (DSTs).
Fiscal and Economic Effects of Tariffs
May 26, 2026
Tariffs have become an important economic policy in the United States. Tariffs are a form of excise tax that applies to imported goods. They can be imposed for three, sometimes contradictory, reasons: to generate revenue, protect domestic industries, and retaliate against other countries for economic or non-economic reasons.
The Interest Burden of the Federal Debt
May 26, 2026
The share of government spending devoted to paying interest on the United States’ government debt has risen sharply since 2020. Annual net interest payments on U.S. federal debt exceeded $1 trillion for the first time in 2025.