Policy Library

2 documents

Federal Excise Taxes: Background and General Analysis
Congressional Research Service · 2021-10-15 · Reports · 10,620 words · PDF available
In the tax policy context, excise taxes are selective taxes on specific consumption or behavior (in contrast with sales taxes, which tend to apply to all consumption, with some exceptions). Today, fed...
Social Security Financial Status: How the 2021 Annual Report Addressed the Impact of the COVID-19 Pandemic
Congressional Research Service · 2021-10-15 · Resources · 1,626 words · PDF available
Background Social Security is a self-financing program that in 2021 covers approximately 176 million workers and provides monthly cash benefits to over 65 million beneficiaries. It is the federal gove...