2025 Reconciliation

A deficit-financed reconciliation bill could raise Americans’ mortgage costs by thousands of dollars per year by pushing up interest rates. The House...

Yesterday, the Congressional Budget Office (CBO) estimated that recent tariff policies would reduce deficits by $2.5 to $3 trillion through 2035...

Note: (06/23/2025) Some categorizations and numbers in the Ways and Means' section of the table below have been updated to more accurately reflect the...

The Congressional Budget Office (CBO) released an updated cost estimate for the House-passed One Big Beautiful Bill Act (OBBBA) today, projecting that...

Note: (06/23/2025) Some categorizations and numbers in the table below have been updated to more accurately reflect the bill's potential impact. The...

Although the concurrent budget resolution called for the House to cut mandatory spending by $2 trillion over the next decade, the House-passed One Big...

If policymakers enact the House-passed reconciliation bill, they will need to find at least $17 trillion in savings to balance the budget. President...

The House-passed One Big Beautiful Bill Act (OBBBA) would add roughly $3 trillion to the debt including interest through 2034 as written, and we...

The Congressional Budget Office (CBO) released its first comprehensive estimate of the House’s Fiscal Year (FY) 2025 reconciliation bill – the One Big...

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners . Further increasing the cap above...

The House of Representatives may vote on the reconciliation package, or the “One, Big, Beautiful Bill Act” (OBBBA), this week. House leadership...

Treasury Secretary Scott Bessent has frequently discussed the importance of reducing annual deficits to 3 percent of Gross Domestic Product (GDP) –...