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Permanent House Tax Cuts Come with $5.2 Trillion Price Tag
Read moreNote: (06/23/2025) Some categorizations and numbers in the table below have been updated to more accurately reflect the bill's potential impact. The... -
Fiscal Commission Act Reintroduced in the House
Read moreRepresentatives Bill Huizenga (R-MI) and Scott Peters (D-CA), Co-Chairs of the Bipartisan Fiscal Forum, recently reintroduced the Fiscal Commission... -
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... -
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... -
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... -
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... -
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... -
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... -
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... -
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... -
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... -
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...