Fiscal policy objectives vary. In the short term, governments may focus on macroeconomic stabilization—for example, spending more or cutting taxes to stimulate an ailing economy or slashing spending ...

John Hendrickson and John Phelan compare Minnesota's soaring taxes and deficits with Iowa low taxes and balanced budgets.

President-elect Donald Trump’s tax proposals stand to have a big impact on fiscal policy in 2025. They could potentially ...