Latest
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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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Budget Resolution Must Have Real Savings Instructions for the Senate
Read moreAs the House and Senate work toward agreement on a concurrent budget resolution, reports indicate a potential compromise in which lawmakers combine...
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CBO Releases March 2025 Long-Term Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its March 2025 Long-Term Budget and Economic Outlook, its first full thirty-year baseline and...
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CBO: Debt Will Rise to 156% of the Economy in 30 Years
Read moreThe Congressional Budget Office (CBO) released its latest Long-Term Budget Outlook today, showing that under current law, debt will rise from 100...
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Medicare Advantage Will Be Overpaid by $1.2 Trillion
Read moreThe Medicare Payment Advisory Commission (MedPAC) released their latest status report on the Medicare Advantage (MA) program last week. Based on this...
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Raise the Debt Ceiling & Reduce the Debt
Read moreThe Congressional Budget Office today estimated that the federal government will breach the debt ceiling sometime in the late summer or early fall, at...
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Lawmakers Should Ensure Reconciliation Reduces Debt
Read moreWith both the Senate and House of Representatives having adopted separate budget resolutions for Fiscal Year (FY) 2025 to facilitate reconciliation...
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CBO's Options to Improve Social Security Solvency
Read moreSocial Security is the largest federal government program and provides income to nearly 70 million retirees, dependents, survivors, and disabled...
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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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Ending Taxes Below $150,000 Would Lose $10 to $15 Trillion
Read moreMembers of the Trump Administration and Congress have recently discussed the idea of waiving all taxes for those making less than $150,000 per year...
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Primer: Understanding the Tax Gap
Read moreNote: This is an update of our Tax Gap Primer using the latest available data from the IRS. One of the most fair and efficient ways for policymakers...
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Senators Push Back Against Current Policy Gimmick
Read moreUpdate: JCT issued a response to the letter confirming the default approach to scoring tax legislation is using a current law baseline as established...