Fiscal Policy in the United States
Fiscal Policy in the United States
- Karen M. StallerKaren M. StallerUniversity of Michigan
Summary
U.S. fiscal policy is of interest to social workers as it concerns issues including structural racism, economic justice, and income inequality. U.S. fiscal policy refers to the role of the government in taxing and spending, the budget appropriations process, and public budgets (including federal and state revenue and spending). Federal revenue includes payroll and income taxes (personal and corporate). Federal outlays include discretionary and mandatory entitlement spending. There are a number of ongoing contentious debates about U.S. fiscal policy, including those involving the size and function of government, deficit financing and borrowing, inequality, and the redistribution of wealth in tax policies.
Keywords
Subjects
- Macro Practice
- Policy and Advocacy
- Social Justice and Human Rights
- Social Work Profession