Latest
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Adding Debt to Tax Deal Would Be a Costly Blunder
Some lawmakers have recently suggested combining the House-passed Tax Relief for American Families and Workers Act of 2024 (also known as Wyden-Smith...
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CRFB Reacts to President Biden’s Student Loan Plan
President Biden today announced a new student debt cancellation plan. Specifically, the plan would cancel up to $20,000 of accrued interest for...
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Deficit Was $1.7 Trillion Over Past Year
The federal budget deficit totaled $1.7 trillion over the past 12 months, down $142 billion from the 12-month period ending in February and down $37...
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Student Debt Cancellation Resources Page
Overview Student debt cancellation has gained attention in recent years as a policy proposal to address rising student debt levels in the United...
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Event Recap – When the TCJA Expires: A Tax Policy Summit
On March 28, the Committee for a Responsible Federal Budget hosted When the TCJA Expires: A Tax Policy Summit, an event focusing on the large parts of...
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New Interactive Tool: Build Your Own Tax Extensions
With large parts of the 2017 Tax Cuts and Jobs Act (TCJA) set to expire after 2025, policymakers will soon face important choices about the future of...
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Spending Cuts in the President's FY 2025 Budget
The President's Fiscal Year (FY) 2025 budget calls for $3.3 trillion of net deficit reduction through 2034, with $6.5 trillion of gross revenue and...
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Maya MacGuineas on CNBC's "Squawk Box"
Committee for a Responsible Federal Budget president Maya MacGuineas recently joined CNBC's "Squawk Box" to discuss findings from the Congressional...
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Analysis of CBO's March 2024 Long-Term Budget Outlook
The Congressional Budget Office (CBO) released its March 2024 Long-Term Budget Outlook today that projects the nation’s fiscal and economic future...
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CBO Presents Grim Long-Term Fiscal Outlook
The Congressional Budget Office released its latest Long-Term Budget Outlook today, projecting the nation’s finances over the next 30 years. CBO...
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CBO Releases March 2024 Long-Term Budget Outlook
The Congressional Budget Office (CBO) just released its March 2024 Long-Term Budget Outlook that projects the nation's fiscal and economic future over...
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Comparing Spending Levels in the President’s 2025 Budget
President Biden proposes spending nearly $7.3 trillion in Fiscal Year (FY) 2025, or 24.8 percent of Gross Domestic Product (GDP), under his latest...