Latest
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SALT Cap Repeal Does Not Belong in Build Back Better
Read morePress reports suggest lawmakers are considering adding a two-year repeal of the cap on the deduction for state and local taxes (SALT) to their Build...
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Don’t Take Reconciliation Offsets Off the Table
Read moreFor Immediate Release As lawmakers continue to negotiate their Build Back Better reconciliation plan, reports indicate growing objections to a number...
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House ACA Plan Will Cost Almost $600 Billion and Cover 4 Million People, CBO Finds
Read moreThe Congressional Budget Office (CBO) this week released estimates for the health care coverage provisions in the House reconciliation bill. CBO...
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House Child Care Plan Cost Could Double If Made Permanent
Read moreAs lawmakers discuss making numerous parts of the Build Back Better plan expire early, at least one part of the House bill — the expanded child care...
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Treasury: 2021 Deficit Was $2.8 Trillion
Read moreThe Treasury Department released its final Monthly Treasury Statement for Fiscal Year (FY) 2021, showing a $2.8 trillion deficit for the year and debt...
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BBB Expirations Could Hide $1 to $2 Trillion of True Costs
Read moreAs negotiations over President Biden’s Build Back Better reconciliation package continue, lawmakers are reportedly considering an extension of the...
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Congress Should Reject the Extenders Approach to Build Back Better
Read moreFor Immediate Release According to news reports, the White House is floating a new framework for its Build Back Better reconciliation package that...
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Chartbook: Build Back Better for Less
Read morePolicymakers are apparently now targeting $1.5 trillion to $2.3 trillion of gross spending increases and tax cuts for their Build Back Better...
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Former IRS Commissioner Urges Congress to Expand Information Banks Report to the IRS
Read moreFormer Internal Revenue Service (IRS) Commissioner Charles O. Rossotti, who served under Presidents Clinton and Bush, recently published an op-ed in...
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Build Back Better for Less: Two Illustrative Packages
Read moreNote: We have published a chartbook to accompany this paper. Policymakers are apparently now targeting $1.5 trillion to $2.3 trillion of gross...
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A $2.8 Trillion Budget Deficit
Read moreFor Immediate Release The Congressional Budget Office released its final monthly budget review of fiscal year (FY) 2021 today, concluding the budget...
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Reconciliation Requires Tradeoffs, Not Gimmicks
Read moreFor Immediate Release Policymakers are reportedly seeking to shrink the “Build Back Better” reconciliation plan from a proposed $3.5 trillion to...