Taxes and Spending

Discretionary spending has fallen more than 40% in the past 50 years as a percentage of gross domestic product, from 11% to 6.3%.

The rising deficits are the result of tax breaks for billionaires and corporate interests under George W. Bush and Donald Trump. Those tax cuts alone added $10 trillion to the debt by the end of the 2023 fiscal year.

The U.S. is far below the average of the 37 other nations in the Organization for Economic Cooperation and Development, an intergovernmental forum of democracies with market economies, in our tax levies.