Factchecking the Senate Budget Committee Hearing with CBO
At least two claims in Wednesday's Senate Budget Committee hearing with Congressional Budget Office (CBO) Director Keith Hall merit fact checking....
Taxes
WATCH: MacGuineas Testifies Before Ways & Means Tax Policy Subcommittee
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, testified before the House Ways and Means Tax Policy Subcommittee on...
Maya MacGuineas's Testimony on Tax Extenders
On March 14, 2018, Committee for a Responsible Federal Budget president Maya MacGuineas testified before the House Ways and Means Tax Policy...
IMF: Tax Bill's Boost to Growth is Short-Term
This week, the International Monetary Fund (IMF) released a new estimate of economic growth, revising their short-term estimate upwards because of...
Trillion-Dollar Deficits Could Return Next Year, But A Deal Could Make Them Worse
Trillion-dollar deficits will return next year, and a budget deal in the coming weeks could make them much worse. The continuing resolution (CR) that...
Three-Week Funding Deal Includes $30 Billion in Tax Cuts
Lawmakers came to a bipartisan agreement to end the federal government shutdown yesterday, but it came with a very high price. The continuing...
House Continuing Resolution Sets Stage for Over $300 Billion in Costs
House Republicans released a draft continuing resolution (CR) last night to extend current levels of discretionary spending through February 16,...
Sizing Up Revenue With the Tax Bill Enacted
As lawmakers return for the new year after the enactment of the Tax Cuts and Jobs Act (TCJA), they also face a new budget outlook with significantly...
Resources for Tax Reform
Efforts to reform the tax code are underway, and the legislative process is in full swing. CRFB has been tracking and compiling the scores of each...
Official Analysis Finds Tax Bill Will Produce Marginal Growth, Cost $1.1 Trillion
At the end of December, the Joint Committee on Taxation (JCT) released its final dynamic analysis of the Tax Cuts and Jobs Act (TCJA). JCT's analysis...