Latest
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Ways and Means Proposes $1.3 Trillion of Tax Breaks, $2.3 Trillion of Tax Hikes
Read moreUPDATE (9/13/2021): The Joint Committee on Taxation has released a full score of the revenue proposals, including the revenue-raising items. The table...
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SALT Cap Repeal Would Be a Costly Mistake
Read moreRecent reports indicate Congress may repeal the $10,000 cap on the State and Local Tax (SALT) deduction in its $3.5 trillion reconciliation bill, with...
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CBO Reports $173 Billion Deficit for August
Read moreThe United States borrowed over $2.7 trillion in the first 11 months of fiscal year 2021, including $173 billion in August, according to the latest ...
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Closing the Stepped-Up Basis Loophole
Read moreReconciliation should not add a penny to the national debt. As lawmakers work to craft a package with $3.5 trillion of new spending and tax breaks...
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Responsibly Raising the Debt Limit
Read moreYesterday, Treasury Secretary Janet Yellen warned Congress that the Treasury is likely to run out of extraordinary measures in October. Without action...
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Keeping Offsets on the Table
Read moreAs lawmakers work to put together a reconciliation package that could include up to $3.5 trillion of gross spending and tax breaks, resistance has...
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Representatives Murphy and Cuellar Push for Fiscally Responsible Reconciliation
Read moreRepresentatives Stephanie Murphy (D-FL) and Henry Cuellar (D-TX) recently sent a letter to House majority leadership outlining principles for the...
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Biden Administration’s SNAP Increase Could Add $180 Billion to Deficits
Read moreThe U.S. Department of Agriculture (USDA) recently announced it will be revising the Thrifty Food Plan (TFP), used for the calculation of Supplemental...
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Event Recap: What's Going on With the Social Security and Medicare Trust Funds?
Read moreOn September 1, the Committee for a Responsible Federal Budget hosted “What’s Going on With the Social Security and Medicare Trust Funds.” The event...
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CBO Estimates $120 Billion from IRS Funding Boost
Read moreToday, the Congressional Budget Office (CBO) published an estimate of the revenue effects of President Biden’s proposal to increase Internal Revenue...
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Analysis of the 2021 Medicare Trustees' Report
Read moreThe Social Security and Medicare Trustees released their annual reports on the long-term financial state of those programs. The reports are the first...
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Analysis of the 2021 Social Security Trustees' Report
Read moreToday, the Social Security and Medicare Trustees released their annual reports on the long-term financial state of the Social Security and Medicare...