Latest
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IRS Estimates a $606 Billion Tax Gap for 2022
Read moreThe Internal Revenue Service (IRS) recently published its projections of the “ tax gap” – the difference between taxes owed to and collected by the...
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Tim Penny and Maya MacGuineas: What if they held an election and a budget process broke out?
Read moreTim Penny is co-chair of the Committee for a Responsible Federal Budget and a former representative from Minnesota and Maya MacGuineas is president of...
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CBO Estimates Medicare Coverage of Weight-Loss Drugs
Read moreIn a much-anticipated release, the Congressional Budget Office (CBO) published projections estimating it would cost Medicare an additional $35 billion...
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PBM Reform on the Horizon
Read moreIn recent years, lawmakers have increasingly focused on reforms to Pharmacy Benefit Managers (PBMs) — the intermediaries owned or hired by insurance...
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The President Should Stop Borrowing Through Executive Action
Read moreThis week, a Missouri court will hear oral arguments in a case challenging the legality of President Biden‘s student debt income-driven repayment plan...
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What Would the Trump Campaign Plans Mean for Social Security?
Read moreThe Trump campaign plans would increase Social Security's ten-year cash shortfall by $2.3 trillion, make the program insolvent by 2031, increase...
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Bipartisan Group of Lawmakers Introduce Employee Retention Tax Credit Repeal Act
Read moreIn response to concerns over fraudulent claims over the past few years, Senators Joe Manchin (I-WV), Mitt Romney (R-UT), and Thom Tillis (R-NC)...
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Fiscal Year 2024 Ends with $1.8 Trillion Deficit
Read moreThe U.S. Treasury Department today released the final Monthly Treasury Statement for Fiscal Year (FY) 2024, confirming the budget deficit totaled $1.8...
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House Lawmakers Reintroduce Debt Ceiling Reform Legislation
Read moreOn September 20, Representatives Scott Peters (D-CA) and Bill Huizenga (R-MI), Co-Chairs of the Bipartisan Fiscal Forum, reintroduced the Responsible...
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Plans to Address TCJA Expirations
Read moreUPDATE (October 2024): This piece has been updated for several plans in Peter G. Peterson Foundation’s Solutions Initiative 2024 . With large parts of...
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Q: Did Trump Propose Deep Medicare Cuts? A: No
Read moreIn a recent report, “The Trump-Vance ‘Concept’ on Health Care,” Vice President Kamala Harris’s presidential campaign claims that former President...
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Bipartisan Group Urges Congress to Pay for Tax Cut Extension
Read moreIn a letter to the House Ways and Means Committee, Maya MacGuineas, president of the Committee for a Responsible Federal Budget, joins 10 other budget...