Taxes

The House-passed One Big Beautiful Bill Act (OBBBA) would add about $3 trillion to the debt, including interest, on a conventional basis. However...

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

The 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...

Update (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...

Update: The offset options below were estimated prior to enactment of the One Big Beautiful Bill Act (OBBBA) and have not been updated. OBBBA phased...

Key Resources to Get You Started or Refresh Your Understanding of Fiscal Topics The Budget 101 resources page offers a collection of materials...

The concurrent budget resolution for Fiscal Year (FY) 2025 has been adopted by both the House and Senate. It includes reconciliation instructions that...

As Congress continues to discuss a compromise budget resolution between the House and Senate, setting the stage for reconciliation, the choice of...

The concurrent budget resolution for Fiscal Year (FY) 2025, adopted by the House last week and the Senate the week prior, includes reconciliation...

In a recent long-term analysis, the Congressional Budget Office (CBO) found that extending the 2017 Tax Cuts and Jobs Act (TCJA) would not only...