Other Spending
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Debt Cancellation Plan Is Costly, Inflationary, and Cynical
Read moreToday President Biden announced his plan to cancel $10,000 per borrower of student debt by executive action for households who make less than $250,000...
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New Student Debt Changes Will Cost Half a Trillion Dollars
Read moreNote (9/26/2022): The Congressional Budget Office (CBO) has released an estimate that debt cancellation will cost $400 billion . Using new information...
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White House Should Repeal Drug Rebate Rule as Part of Inflation Reduction Act Agreement
Read moreLater today, President Biden will sign the Inflation Reduction Act (IRA). In its original agreement, the IRA would have permanently prohibited...
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A True Pivot in Budgeting
Read moreMoments ago, the House passed the Inflation Reduction Act, which would reduce the deficit substantially this decade and beyond. The bill passed the...
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Senate Takes First Step Toward Fixing Our Debt
Read moreMoments ago, the Senate passed the Inflation Reduction Act. The following is a statement from Maya MacGuineas, president of the Committee for a...
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Budget Experts Urge Congress to Enact Deficit Reduction
Read moreToday, 55 of the nation’s top budget experts issued a letter calling for Congress to enact deficit reduction in the coming months and years in order...
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Congress Should Not Water Down Inflation Reduction Act
Read moreThe Senate will soon consider the Inflation Reduction Act, a health care, energy, climate, and tax bill that would reduce deficits by roughly $305...
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Congress Should Support Veterans Without Exploding the Debt
Read moreThe Senate is likely to vote on the Honoring our PACT Act soon, which would spend roughly $280 billion to expand veterans benefits and allow...
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IRA Will Help Fed Fight Inflation
Read moreA recent Penn Wharton Budget Model (PWBM) study has been used by opponents to claim the Inflation Reduction Act (IRA) would increase rather than...
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New Economic Data Highlights Need to Fight Inflation, Not Add To It
Read moreThis morning, the Bureau of Economic Analysis estimated that Personal Consumption Expenditures (PCE) inflation rose by 1.0 percent in June and 6.8...
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Extending the Student Loan Payment Pause is Bad Policy
Read moreNote: (8/30/2022): Since the publication of this blog the Biden Administration announced another four-month extension to the student loan pause...
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What's In the Inflation Reduction Act?
Read moreUpdate (9/7/2022): The Congressional Budget Office has released an official score of the final version of the Inflation Reduction Act, finding it will...