Latest
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Fiscal Commission Would Be Step In the Right Direction
Read moreRepresentatives Bill Huizenga (R-MI) and Scott Peters (D-CA), Co-Chairs of the Bipartisan Fiscal Forum , this week introduced bipartisan legislation...
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House Reconciliation Bill Would Massively Increase Near-Term Deficits
Read moreThe House is continuing to mark up its reconciliation legislation, which we estimate would add $3.3 trillion to the debt including interest or $5.2...
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Adding Up the House Reconciliation Bill
Read moreUpdate (5/21/2025): CBO released a score of all titles but not a full cost estimate with interactions; our analysis of that score is here . The...
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Further SALT Relief Would Be a Mistake
Read moreThe House reconciliation bill extends the cap on the state and local tax (SALT) deduction, raising it to $30,000 for taxpayers making less than $400...
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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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A Tale of Two Committees
Read moreThe House Ways & Means and Energy & Commerce Committees will mark up their reconciliation proposals tomorrow. The Ways & Means draft includes...
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Energy & Commerce Draft Would Help Limit Medicaid Gaming
Read moreThe House Energy & Commerce (E&C) Committee recently released its proposed reconciliation legislation, which is expected to save over $900 billion...
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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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New Site-Neutral Bill Introduced in Senate
Read moreSenator John Kennedy (R-LA) introduced the Same Care, Lower Cost Act this week, which would take significant steps toward implementing site-neutral...
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12-Month Rolling Deficit is $2.0 Trillion in April 2025
Read moreThe federal budget deficit totaled $2.0 trillion over the past 12 months based on estimates from the Congressional Budget Office (CBO). Due to...
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CBO Estimates Spending Up $166 billion in 2025
Read moreThe federal government spent $2.4 trillion from January through April 2025 – up $166 billion from January through April 2024, according to new...
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Options for Reducing Energy-Related Tax Breaks
Read moreUpdate: The offset options below were estimated prior to enactment of the One Big Beautiful Bill Act (OBBBA) and have not been updated. OBBBA phased...