Merge pull request #2408 from PolicyEngine/PavelMakarchuk/issue2404

Add 10y impacts to FISC report

Author: MaxGhenis

src/posts/articles/fisc-act.md

@@ -28,14 +28,17 @@ Considering a married couple in Virginia with $40,000 of earnings and two childr
 
 Figure 1 shows how this household’s experience [varies with net income](https://policyengine.org/us/household?focus=householdOutput.earnings&reform=76612&baseline=2&timePeriod=2026&region=us&dataset=enhanced_cps&household=51530). The family income supplement credit phases in at a steeper rate than the current CTC, reaching the maximum amount at earnings of $9,400 while the CTC is fully phased-in at earnings levels of $17,000. Furthermore, the CTC fully phases out at earnings of $110,000 while the family income supplement credit does not start to phase out until $250,000 for joint filers.
 
+**Figure 1: Household Net Income Impact of the FISC Act by Household Earnings**
 ![](https://cdn-images-1.medium.com/max/3200/0*9REG5tMXk4KVwCO9)
 
 Figure 2. shows how the FISC Act alters the household’s marginal tax rates, with the steeper phase-in structure being reflected in the earnings up to $17,000.
 
+**Figure 2: Change in Marginal Tax Rates based on Household Earnings**
 ![](https://cdn-images-1.medium.com/max/3200/0*0NTnOnqtdGX0tMlK)
 
 The new credit amount varies with children’s ages while adding an additional pregnancy credit amount. Figure 3 shows the impacts of this credit on net income of a single parent with one child of varying ages. We currently lump four months of the $400 pregnancy credit in with 12 months of the $400 base credit for parents of newborns, applying the full $6,400 in the same year, though we [will improve this](https://github.com/PolicyEngine/policyengine-us/issues/5659).
 
+**Figure 3: Change in Household Net Income Under the FISC Act based on Child Ages**
 ![](https://cdn-images-1.medium.com/max/2652/0*Ig7Df1rVH4pwHC5u)
 
 ## National Impacts
@@ -44,16 +47,34 @@ Using PolicyEngine’s microsimulation capabilities, and assuming no behavioral
 
 The FISC Act would reduce federal revenues by [$193.1 billion](https://policyengine.org/us/policy?focus=policyOutput.policyBreakdown&reform=76612&baseline=2&timePeriod=2026&region=us&dataset=enhanced_cps&household=51531) in 2026, or $1,293 per household. On average, households in the ninth income decile gain the most ($2,489), while those in the bottom decile gain the least ($390).
 
+**Figure 4: Average Change in Net Income by Income Decile in 2026**
 ![](https://cdn-images-1.medium.com/max/3200/0*C1SnOSqPhLBgE1BZ)
 
+**Table 1: 10-Year Budgetary Impact of the FISC Act**
+| Tax Year | Static Impact ($bn) | Dynamic Impact ($bn) |
+| -------- | ------------------- | -------------------- |
+| 2026 | -193.1 | -217.4 |
+| 2027 | -194.5 | -218.4 |
+| 2028 | -195.5 | -219.7 |
+| 2029 | -196.3 | -216.6 |
+| 2030 | -197.0 | -219.2 |
+| 2031 | -197.1 | -224.8 |
+| 2032 | -196.3 | -227.4 |
+| 2033 | -194.7 | -225.6 |
+| 2034 | -193.1 | -227.6 |
+| 2035 | -190.0 | -230.4 |
+| Total | -1,947.6 | -2,227.1 |
+
 37% of US residents would gain: 50% of those in the sixth decile and 14% of those in the upper decile representing the extrema.
 
+**Figure 5: Winners and Losers of the FISC Act in 2026**
 ![](https://cdn-images-1.medium.com/max/3200/0*Vh2YnnLEIx8Tfhi9)
 
 ## Poverty Impact
 
 The FISC Act would lower the nation’s Supplemental Poverty Measure by [9.2%](https://policyengine.org/us/policy?focus=policyOutput.povertyImpact.regular.byAge&reform=76612&baseline=2&timePeriod=2026&region=us&dataset=enhanced_cps&household=51531) and child poverty by 17.7%. PolicyEngine projects the legislation would reduce deep poverty by [11.7%](https://policyengine.org/us/policy?focus=policyOutput.povertyImpact.deep.byAge&reform=76672&baseline=2&timePeriod=2026&region=us&dataset=enhanced_cps&household=51531).
 
+**Figure 6: Poverty Impact of the FISC Act in 2026**
 ![](https://cdn-images-1.medium.com/max/3200/0*iLhr0pdmo70LGE1t)
 
 ## Conclusion