Latest
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Chartbook: From Riches to Rags: Causes of Fiscal Deterioration Since 2001
Read moreOn January 31, Committee for a Responsible Federal Budget senior vice president and senior policy director Marc Goldwein gave a presentation on our...
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Don’t Add SALT to the Tax Deal
Read moreAccording to press reports, the House is considering new tax cuts and changes to follow the Committee-passed tax agreement that would expand the Child...
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Employee Retention Credit Faces 7X Cost Overrun
Read moreThe pandemic-era Employee Retention Tax Credit (ERC) was designed to help businesses retain workers during the pandemic. But after low initial uptake...
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Is Life Expectancy Really Falling?
Read moreDuring the fifth GOP presidential primary debate, Florida Governor Ron DeSantis argued against raising the Social Security retirement age because...
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How Much Would the Wyden-Smith Tax Deal Cost?
Read moreSenate Finance Committee Chairman Ron Wyden (D-OR) and House Ways & Means Committee Chairman Jason Smith (R-MO) recently put forward a bipartisan plan...
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Now is the Right Time for a Bipartisan Fiscal Commission
Read moreThe House Budget Committee is scheduled to mark up the Fiscal Commission Act of 2024, a bill introduced by Representatives Bill Huizenga (R-MI) and...
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Where Do the Candidates Stand on Social Security?
Read moreIn less than ten years, Social Security’s retirement trust fund will be insolvent. Under the law, this will trigger an immediate 23 percent cut in...
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Update: Talking Debt and Deficits in the GOP Debates
Read moreIn the first five Presidential GOP primary debates, the current active GOP candidates have mentioned the deficit or debt a combined 31 times, with...
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CRFB Reacts to Wyden-Smith Tax Cut Deal
Read moreToday, Senate Finance Committee Chairman Ron Wyden (D-OR) and House Ways & Means Committee Chairman Jason Smith (R-MO) announced a potential tax cut...
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Government Shutdowns Q&A: Everything You Should Know
Read moreThis paper has been updated here. The second continuing resolution (CR) for fiscal year (FY) 2024 expires in two tranches, the first of which funds 4...
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The Deficit Hit $1.8 Trillion in Calendar Year 2023
Read moreThe federal budget deficit totaled $1.8 trillion in calendar year (CY) 2023, up 5 percent from the fiscal year deficit of $1.7 trillion and 20 percent...
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Treasury Confirms Calendar Year 2023 Deficit Tops $1.8 Trillion
Read moreThe Treasury Department released the Monthly Treasury Statement for December, showing the United States borrowed $1.8 trillion in calendar year 2023,...