The highest U.S. tariffs aren't on imports from its biggest trading partners, but on products from several developing South Asian nations whose exports are heavily weighted toward clothing, footwear and other products that the U.S. generally taxes highly.
Average tariff rates, while useful for comparison, can obscure the wide range of rates imposed on different classes of imports and on specific products.
Economic issues are viewed as less important policy priorities than they were just a few years ago.
A month after Donald Trump and Congress passed the Tax Cuts and Jobs Act, the public has mixed views of the sweeping tax overhaul and its long-term impact.
Survey Report A month after Donald Trump and Congress passed the Tax Cuts and Jobs Act, the public has mixed views of the sweeping tax overhaul and its long-term impact. Just as support in Congress for the legislation was divided along party lines, there are wide partisan gaps among the public in expectations for the […]
In the four decades that the current system for budgeting and spending tax dollars has been in effect, Congress has managed to pass all required appropriations bills on time only four times.
Survey Report Growing numbers of Americans express little or no confidence in Donald Trump to handle an international crisis, manage the executive branch effectively and work effectively with Congress. And today, just 34% approve of Trump’s overall job performance, while 59% disapprove. However, Trump’s job approval rating is higher than those of Republican and Democratic […]
Tax burdens in the U.S. are lower than most of its developed-nation peers – in some cases, well below.
Taxpayers with incomes of $200,000 or more paid well over half (58.8%) of federal income taxes, though they accounted for only 4.5% of all returns filed (6.8% of all taxable returns). By contrast, taxpayers with incomes below $30,000 filed nearly 44% of all returns but paid just 1.4% of all federal income tax.
As the congressional debate over Trump's tax overhaul begins, more Americans say tax rates on corporations and higher-income households should be raised rather than lowered.