Taxes

Updated 11/20/25: After 43 days, the latest government shutdown ended on November 12 with a funding measure that provides full-year Agriculture...

Erskine Bowles, former Co-Chair of the 2010 National Commission on Fiscal Responsibility and Reform and current Committee for a Responsible Federal...

On October 22, the Committee for a Responsible Federal Budget hosted Saving the Trust Funds: New Solutions for Social Security and Medicare. The event...

Chris Towner is the policy director for the Committee for a Responsible Federal Budget. He recently wrote an op-ed for the Washington Monthly, an...

As Congress considers the possibility of a second reconciliation bill, lawmakers should ensure it reduces deficits rather than adds to them as the...

The recently-enacted One Big Beautiful Bill Act (OBBBA) is expected to significantly boost near-term economic activity, but is unlikely to accelerate...

Earlier this month, the President signed the 2025 reconciliation law – also known as the “One Big Beautiful Bill Act” (OBBBA). The law extended and...

Note: This blog was updated on 8/4/25 to reflect CBO's newly-released estimates of the permanent cost of certain expiring tax provisions in OBBBA. The...

Marc Goldwein is Senior Vice President and Senior Policy Director of the Committee for a Responsible Federal Budget and Anthony Colavito is a Social...

The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring...

Updated 7/11/25: On July 1, 2025, the Senate passed its version of the OBBBA by a narrow 51–50 vote —Vice President JD Vance casting the tie-breaker...