Latest
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The 12-Month Rolling Deficit Totals $2.1 Trillion in August 2024
Read moreFrom September 2023 through August 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office (CBO...
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Donald Trump’s Proposal to Lower the Corporate Tax Rate to 15%
Read morePresident Trump recently proposed lowering the corporate tax rate from 21 to 15 percent for corporations that make their products in America. Under...
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$16,500 Cut Awaits Retirees if Social Security Isn't Reformed
Read moreFormer President Donald Trump and Vice President Kamala Harris have both said they would “protect” the Social Security program. However, neither has...
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The Kamala Harris Plan for Taxing Capital Income
Read moreAs part of her New Way Forward for Small Businesses, Vice President Kamala Harris announced her support for several policies that would increase taxes...
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Lawsuit Alleges Department of Education May Imminently Cancel Student Debt
Read moreAccording to a complaint filed by a coalition of state attorneys general (AGs) led by Missouri, the Department of Education is preparing student loan...
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Eugene Steuerle: Young Americans Can’t Keep Funding Boomers and Beyond
Read moreDr. Eugene (Gene) Steuerle is an Institute fellow and the Richard B. Fisher chair at the Urban Institute, as well as a board member of the Committee...
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SALT Cap Expiration Could Be Costly Mistake
Read moreSome policymakers have suggested allowing the $10,000 cap on the State and Local Tax (SALT) deduction to expire as scheduled at the end of 2025. We...
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Congress Should Strengthen Administrative PAYGO
Read moreThe Fiscal Responsibility Act (FRA) of 2023 re-established Administrative PAYGO (Pay-As-You-Go) – a rule requiring the executive branch to offset...
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Interest, Social Security, and Health Responsible for Nearly 90% of Spending Growth
Read moreIn the latest Congressional Budget Office (CBO) baseline, nominal spending is projected to grow from $6.8 trillion in Fiscal Year (FY) 2024 to $10.3...
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What’s Driving Medicaid Spending?
Read moreIn the Congressional Budget Office’s (CBO) latest budget baseline, the agency revised projections of Medicaid enrollment and outlays for the next...
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The Kamala Harris Proposal to Raise the Corporate Tax Rate to 28%
Read moreThe campaign for Democratic presidential nominee Vice President Kamala Harris told NBC News today that if elected President, she would seek to raise...
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The Kamala Harris Agenda to Lower Costs for American Families
Read moreVice President Kamala Harris released a document today – the Agenda to Lower Costs for American Families – that outlines a number of proposals she...