OECD: U.S. Has the Highest Deficit
The United States had the highest deficit in 2018 among Organisation for Economic Co-operation and Development (OECD) countries...
Taxes
Budget Offsets Bank
The federal debt is at a post-war record high, deficits are set to exceed the trillion-dollar mark this year, and new initiatives are being proposed...
Upcoming Congressional Fiscal Policy Deadlines
Updated 12/13/2019: Congress did not complete action on appropriations before the end of the fiscal year on Sept. 30, although lawmakers enacted...
Wall Street Journal Editorial Board Takes on Temporary Tax Breaks
The Wall Street Journal editorial board wrote an opinion piece today decrying special interest tax subsidies that may be added to a year-end...
2020 Federal Tax Brackets Are Here
The Internal Revenue Service (IRS) has released its tax year 2020 inflation adjustments for more than 60 federal tax provisions. To make these...
Marc Goldwein & Tyler Evilsizer: Moving from a debt-busting tax cut to pro-growth tax reform
Marc Goldwein is the senior vice president and senior policy director at the Committee for a Responsible Federal Budget. Tyler Evilsizer is the...
Policymakers Should Reject Efforts to Weaken SALT Cap
For Immediate Release
The Senate is voting this afternoon to reopen state workarounds on the limits on the State and Local Tax (SALT) deduction...
Maya MacGuineas: The Tax Cuts and Jobs Act Made the Debt Worse and Makes Fixing It Even Harder
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote a...
Would Medicare for All Require a Middle-Class Tax Hike?
With several 2020 presidential candidates endorsing a move to single-payer health care (Medicare for All), there is an ongoing debate over whether...
Kamala Harris's LIFT the Middle Class Act
This is the second policy explainer in our US Budget Watch 2020 series covering the 2020 presidential election. In the coming weeks and months, we...