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The federal estate tax was enacted in 1916 in an effort to raise revenues. Its intent was also to reduce the concentration of wealth, thus increasing economic equality.

State and local governments issue bonds to finance important projects that meet social goals and benefit communities.

One indicator of smart fiscal practices is maintaining balance between spending and revenues. Occasionally deficits may be necessary.

Several recent legislative efforts in Congress have included proposals that would cap the federal contribution (overall in a block grant or per person in a per capita cap) to Medi

Providers of long-term services and supports (LTSS) cannot ensure high-quality services without sufficient funding.

Medicaid coverage of long-term services and supports (LTSS) provides a safety net for vulnerable older people—and younger people with disabilities—who have low incomes and f

Under current Medicaid financial eligibility rules, individuals may not have more than $2,000 in assets.

Under the U.S. Constitution, people are entitled to compensation when a government takes their property. This is known as a taking.

Poverty is defined by comparing household income with the minimum income required for basic needs. People whose income is below the threshold are considered poor.

Federal and state programs help many older people with low incomes. These programs provide access to vital services like income support and health care.