Inside Philanthropy: The Federal Budget Affects Everything. So Why Do Most Funders Ignore Fiscal Policy?
media mention“None of this is exactly a secret, but what’s remarkable is just how little foundation funding goes to support work on taxes and fiscal policy writ large—particularly by those funders who have the most to lose from budgetary downsizing. The Center for Budget and Policy Priorities is relatively well supported, but has a budget a third that of the Heritage Foundation, which is dedicated to downsizing government in nearly every area except national security. Meanwhile, the Institute on Taxation and Economic Policy—probably the premier group advocating for more progressive taxation, both federally and in the states—raised just $1.5 million in 2014. Other groups, like the Center for American Progress, do work on tax and fiscal issues, but it tends to just one among many priorities.”