Latest
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Updated Budget Projections Show Record Debt by 2031
New estimates from the Committee for a Responsible Federal Budget project that debt as a percentage of Gross Domestic Product (GDP) is on track to...
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Two-Thirds of Millionaires Get a Tax Cut Under Build Back Better, Due to SALT Relief
This week, the Tax Policy Center (TPC) released new estimates for how the Build Back Better Act will affect the tax burden of individuals at various...
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2021 Budget Ball Reception: Celebrating Our Commitment to Fiscal Responsibility
On Tuesday, November 2, the Committee for a Responsible Federal Budget hosted our annual Budget Ball reception on the rooftop of 101 Constitution...
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Build Back Better SALT Gains for the Rich Eclipse Child Credit Boost
The current version of the Build Back Better Act under consideration in the House would increase the state and local tax (SALT) deduction cap from $10...
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What's in the House's Build Back Better Act?
We have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here. The House is poised to vote this month...
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House Build Back Better Bills Are Built on Shaky Foundation
For Immediate Release The House is slated to vote today on two parts of the President’s Build Back Better agenda – the bipartisan infrastructure bill...
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An Update on Build Back Better Offsets
We have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here. Last week, the White House estimated...
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$72,500 SALT Cap is Costly and Regressive
The latest version of the Build Back Better Act being considered by the House Rules Committee would increase the state and local tax (SALT) deduction...
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State and Local Governments Flush with Cash
The Bureau of Economic Analysis (BEA) recently released data on state and local government spending and receipts in the third quarter of 2021...
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5-Year SALT Cap Repeal Would Be Costliest Part of Build Back Better
According to press reports, policymakers are considering adding a five-year repeal of the $10,000 cap on the State and Local Tax (SALT) deduction to...
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Build Back Better Visualized
Last week, the White House released a $1.75 trillion framework for the reconciliation bill currently working its way through Congress. When combined...
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No Score, No Vote
For Immediate Release The House apparently intends to vote on the latest version of the Build Back Better Act as soon as this week, despite that fact...