Latest
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Rescissions Package a First Step to Trimming Spending
Read moreThe White House Office of Management and Budget sent a letter to Congress today requesting a rescission of discretionary funding totaling $9.4 billion...
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House Reconciliation Bill Barely Slows Spending Growth
Read moreAlthough the concurrent budget resolution called for the House to cut mandatory spending by $2 trillion over the next decade, the House-passed One Big...
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What Would It Take to Reach “Big, Beautiful, Balance”?
Read moreIf policymakers enact the House-passed reconciliation bill, they will need to find at least $17 trillion in savings to balance the budget. President...
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Five Ways the Senate Can Improve OBBBA
Read moreThe House-passed One Big Beautiful Bill Act (OBBBA) would add roughly $3 trillion to the debt including interest through 2034 as written, and we...
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Maya MacGuineas on CNBC's "Squawk Box"
Read moreCommittee president Maya MacGuineas recently appeared on CNBC's "Squawk Box" with hosts Joe Kernen and Andrew Ross Sorkin to discuss the House budget...
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CRFB Reaction to House Reconciliation Passage
Read moreThe House of Representatives passed its Fiscal Year (FY) 2025 budget reconciliation bill, which now moves to the Senate for its consideration. The...
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CBO's First Score of House Reconciliation Bill
Read moreThe Congressional Budget Office (CBO) released its first comprehensive estimate of the House’s Fiscal Year (FY) 2025 reconciliation bill – the One Big...
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Explaining Federal Spending and Revenue
Read moreIn Fiscal Year (FY) 2024, federal outlays totaled $6.8 trillion (23.4 percent of GDP) while federal revenues totaled $4.9 trillion (17.1 percent of...
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Further SALT Cap Relief Only Benefits High Earners
Read moreRaising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners . Further increasing the cap above...
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Senate Unanimously Agrees to Another Tax Giveaway
Read moreYesterday, the Senate passed by unanimous consent the No Tax on Tips Act, a bill that would create a federal income tax deduction of up to $25,000 a...
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Stop Making Reconciliation Worse
Read moreAs lawmakers continue to negotiate new policies and adjustments to the House’s reconciliation bill, the “One Big Beautiful Bill Act,” the list of...
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Changes Move Reconciliation Bill in the Wrong Fiscal Direction
Read moreThe House of Representatives may vote on the reconciliation package, or the “One, Big, Beautiful Bill Act” (OBBBA), this week. House leadership...