Latest
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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...
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CRFB Announces New Board Members Senator Mitt Romney and Senator Joe Manchin
Read moreThe Committee for a Responsible Federal Budget is honored to announce that former Senators Mitt Romney (R-UT) and Joe Manchin (I-WV) have joined its...
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CRFB Statement on the Passing of Alan K. Simpson
Read moreAlan K. Simpson, a former Senator from Wyoming and a Member of the Committee for a Responsible Federal Budget, died Friday at the age of 93. The...
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A $2 Trillion Cut Compared to $86 Trillion in Spending
Read moreThe House-adopted Fiscal Year (FY) 2025 budget resolution calls for up to $2 trillion in spending cuts as partial offsets for $4.8 trillion of tax...
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Treasury: $1.1 Trillion Deficit in First Five Months of Fiscal Year 2025
Read moreThe United States borrowed $1.1 trillion in the first five months of fiscal year 2025, including $307 billion in February, according to the latest...
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CR Rightly Avoids Shutdown But Reflects Broken Budget Process
Read moreThe House of Representatives will soon vote on a full-year continuing resolution (CR) for Fiscal Year (FY) 2025. The bill would keep the government...
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Putting the Reconciliation Resolution in Context
Read moreThe House Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $2.8 trillion to primary deficits through 2034 via a reconciliation...
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What's in the House's Full-Year Continuing Resolution?
Read moreUpdate (3/13/2025): This piece has been updated to include an estimate of the Changes in Mandatory Programs (CHIMPs) without outlay savings, which...