2025 Reconciliation
Latest
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Senate OBBBA Violates House Budget Instructions
Read moreThe latest Senate version of the One Big Beautiful Bill Act (OBBBA) would likely add roughly $4 trillion to the national debt, including interest. 1...
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Senate SALT Giveaway is Far Bigger Than the House's
Read moreAlthough initially excluding any increase in the state and local tax (SALT) deduction cap from its bill, the latest Senate bill proposes even more...
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OBBBA Would Accelerate Social Security & Medicare Insolvency
Read moreThe Social Security and Medicare Trustees estimated in their 2025 annual reports on the programs that the retirement and hospital trust funds will...
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Senate Reconciliation Bill Could Add Over $4 Trillion to Debt
Read moreAs it currently stands, the Senate reconciliation bill is likely to add $3.5 to $4.2 trillion to the debt through Fiscal Year (FY) 2034, based on our...
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Higher Education Savings Options Compliant with Reconciliation Rules
Read moreThe Senate version of the One Big Beautiful Bill Act (OBBBA) is currently undergoing the " Byrd bath," in which the Senate Parliamentarian offers...
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CEA’s Fantastical Economic Assumptions
Read moreThe White House Council of Economic Advisers (CEA) released a report today claiming the Senate’s proposed version of the One Big Beautiful Bill Act...
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Senate Proposes $4.2 Trillion of Tax Cuts
Read moreNote: the Joint Committee on Taxation (JCT) has put together a current law score of the Senate Finance Committee tax proposals, which roughly match...
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OBBBA Would Cost More on a Dynamic Basis, Says CBO
Read moreThe Congressional Budget Office (CBO) released its dynamic score of the House-passed One Big Beautiful Bill Act (OBBBA), finding that the bill would...
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OBBBA’s 30-Year Price Tag
Read moreThe House-passed One Big Beautiful Bill Act (OBBBA) would add $3 trillion to the debt through Fiscal Year (FY) 2034 as written and $5 trillion if made...
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How Much Would OBBBA Pay For Itself?
Read moreThe House-passed One Big Beautiful Bill Act (OBBBA) would add about $3 trillion to the debt, including interest, on a conventional basis. However...
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Senate HELP Committee Proposes $355 Billion in Offsets
Read moreYesterday, the Senate Health, Education, Labor, and Pensions (HELP) Committee released its part of the Senate reconciliation package, which we...
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Medicare Waste is Rightly Back on the Table
Read moreThe Senate is reportedly exploring options to reduce Medicare waste, fraud, and abuse as they consider changes to the House-passed One Big Beautiful...