Latest
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2021 Inflation Totaled 6.7 Percent
The Bureau of Labor Statistics (BLS) today released Consumer Price Index (CPI) inflation data for December 2021. Based on BLS’s data, we estimate CPI...
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New COVID Wave Does Not Justify Further Borrowing
As the Omicron variant of COVID-19 continues to spread through the United States, press reports suggest policymakers are considering additional COVID...
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U.S. Borrowed $2.6 Trillion in Calendar Year 2021
The United States borrowed nearly $2.6 trillion in calendar year 2021, including $20 billion in December , according to the latest Monthly Budget...
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Addressing Tax Expenditures Could Raise Substantial Revenue
While the House and Senate each has put forth its own version of the Build Back Better Act reconciliation legislation, the offsets that will be...
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Build Your Own Child Tax Credit 2.0
UPDATE (August 2023): We have released an updated web-based version of the CTC model. You can find the model here. As lawmakers continue to debate if...
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Our Top 21 Fiscal Charts of 2021
2021 was a busy year for fiscal policy, which gave us ample opportunities to conduct substantive policy analyses using charts and tables. This year...
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Build Your Own Child Tax Credit
UPDATE (August 2023): We have released an updated web-based version of the CTC model. You can find the model here. As the year comes to a close...
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CBO Scores the Build Back Better Act
The Congressional Budget Office (CBO) has released cost estimates for every title of the House-passed Build Back Better Act (H.R. 5376). Without...
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Statement on $2.5 Trillion Debt Ceiling Increase
Today, President Biden signed into law a $2.5 trillion increase in the ceiling on federal debt. This increase will raise the total debt ceiling to $31...
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New SALT Proposals Would Improve House Bill
So far, nearly every proposal introduced or suggested to change the state and local tax (SALT) deduction cap would be unnecessarily costly and...
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SALT Repeal Just Below $1 Million is Still Costly and Regressive
To avoid cutting taxes for households making over $1 million, some politicians have suggested eliminating the State and Local Tax (SALT) deduction cap...
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CBO Analysis Highlights Risk of Arbitrary Expirations
The House-passed Build Back Better Act incorporates numerous arbitrary sunsets in order to hold down its costs. Today, the Congressional Budget Office...