Over the last five years, taxpayers funded more than $1.1 trillion in government spending, each year pumping more money into the government coffers than the previous year. Despite this, taxpayers received less and less in return. The government unable to use taxpayers’ money to improve the economy and create opportunities for families and businesses to succeed. Moreover, its budget and policies undermined growth and began to reverse decades of positive economic momentum and social and economic progress. Government officials must start making better investment decisions to ensure taxpayers get a good return for their hard-earned dollars.
Taxes represent our collective effort to support core public services and institutions critical for building a robust economy and successful communities. The Budget & Policy Institute works to promote a tax system that not only provides sufficient resources, but is fair and progressive where everyone pays their fair share while collectively caring for those who are less fortunate.