Jobs & Unemployment
Statistics on Race
Ninety-two percent came from individual income, payroll, and corporate income taxes.
Medicare, Social Security, defense and veterans, debt interest, and assistance programs including food stamps and Medicaid accounted for 86% of spending. This includes funding distributed to states.
Since 2000, state and local governments have accounted for an average of 46% of total government spending. A quarter of that spending is with funds transferred from the federal government.
This is the first increase since 2015 and is equivalent to 16% of GDP (lower than the 17% annual average since 1980).
This is the largest spending increase outside of recession years in the last two decades and is equivalent to 21% of GDP (higher than the 20% annual average since 1980).
The federal debt grew to $22.7 trillion, $16.8 trillion of which is owed to the public.
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