Latest
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What's In the Inflation Reduction Act?
Read moreUpdate (9/7/2022): The Congressional Budget Office has released an official score of the final version of the Inflation Reduction Act, finding it will...
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Analysis of CBO's July 2022 Long-Term Budget Outlook
Read moreToday, the Congressional Budget Office (CBO) released its July 2022 Long-Term Budget Outlook. Although CBO’s extended baseline is based on outdated...
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CBO Releases July 2022 Long-Term Budget Outlook
Read moreThe Congressional Budget Office (CBO) just released its July 2022 Long-Term Budget Outlook, its first extended baseline since March 2021. CBO's long...
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CBO’s Long-Term Budget Outlook Forecasts Debt In Uncharted Territory
Read moreThe Congressional Budget Office (CBO) released its Long-Term Budget Outlook today, which shows debt rising to 185 percent of GDP by 2052 under CBO’s...
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Senate Insulin Proposal to Increase Prescription Drug Costs
Read moreThe Senate may soon vote on the bipartisan Improving Needed Safeguards for Users of Lifesaving Insulin Now (INSULIN) Act, a bill designed to cap...
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The Economy Needs an Inflation Reduction Act
Read moreSenator Joe Manchin (D-WV) just announced an agreement with Senate Majority Leader Chuck Schumer (D-NY) to vote on the Inflation Reduction Act of 2022...
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Budget Offsets Bank, July 2022
Read moreThe federal debt is nearly the size of the economy, and deficits are expected to exceed $1 trillion almost every year going forward. In order to help...
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CBO Estimates "Chips-Plus" Bill Would Cost $79 billion
Read moreThe Congressional Budget Office (CBO) has released a cost estimate for H.R. 4346, a “chips-plus” economic competitiveness bill. CBO estimates the...
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More Borrowing Will Hurt Competitiveness
Read moreThis week, the Senate is moving forward on a compromise “chips-plus” economic competitiveness bill. Though there is not yet a score from the...
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WEP/GPO Repeal Would Mean Earlier Insolvency for Social Security
Read moreCongress may soon consider legislation to repeal Social Security's Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)...
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Build Your Own Carbon Tax
Read moreOne way for the federal government to raise new revenue and reduce greenhouse gas emissions would be by putting a price on carbon. A carbon tax could...
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To Fight Inflation, More Deficit Reduction is Better
Read moreIn recent weeks, lawmakers have been negotiating a reconciliation package that would include roughly $1 trillion of revenue and health savings along...