Budget Projections
Latest
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Permanent Ways & Means Bill Could Add $5.3 Trillion to Deficits
Read moreThe House Ways & Means Committee is set to mark up its title of the Fiscal Year (FY) 2025 reconciliation bill on Tuesday. The Joint Committee on...
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Ways & Means Draft Could Add $5 Trillion to Deficits
Read moreUpdate (5/10/2025): This piece was published prior to the Joint Committee on Taxation's revenue estimate , which totals $4.9 trillion for the bill as...
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Extending TCJA is as Big as Doubling Social Security’s Shortfall
Read morePolicymakers are considering an extension of expiring parts of the Tax Cuts and Jobs Act (TCJA) as part of a reconciliation bill, which could reduce...
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Analysis of CBO’s March 2025 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its March 2025 Long-Term Budget Outlook, which builds off its January 2025 ten-year projections...
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Tax Cut Extensions Would Add $37 Trillion to Debt by 2054
Read moreIn a recent letter, the Congressional Budget Office (CBO) estimated that extending and reviving various provisions from the Tax Cuts and Jobs Act...
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Putting the Reconciliation Resolution in Context
Read moreThe House Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $2.8 trillion to primary deficits through 2034 via a reconciliation...
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House Spending Cuts Would Not Be Largest in History
Read moreThe House recently adopted its Fiscal Year (FY) 2025 budget resolution, which includes reconciliation instructions allowing a net $2.8 trillion of...
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“Current Policy Baseline” Gimmick Could Explode the Debt
Read moreAs the House and Senate work to land on a concurrent budget resolution, Congress may consider trying to measure their reconciliation bills relative to...
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Interest on the Debt to Grow Past $1 Trillion Next Year
Read moreThe Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net interest payments on the debt...
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Debt-to-GDP Growth Could Double with a $5.5 Trillion Bill
Read moreAccording to press reports, House lawmakers were recently considering a budget resolution with reconciliation instructions to allow up to $5.5...
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More than 4/5 of Spending Growth Will Come from Social Security, Health, & Interest
Read moreFrom Fiscal Year (FY) 2025 to 2035, nominal spending will grow by 53 percent according to the latest Congressional Budget Office (CBO) baseline. About...
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CBO Releases January 2025 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) released its January 2025 Budget and Economic Outlook today, projecting that the national debt remains on an...