Latest
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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...
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Event Recap: Tax Policy in the Build Back Better Act
Read moreOn September 29, the Committee for a Responsible Federal Budget hosted “Tax Policy in the Build Back Better Act.” The event featured a panel of...
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Health Savings Can Help Pay for Reconciliation
Read morePolicymakers are continuing to negotiate the "Build Back Better Act" reconciliation package and the overall size and scope of both the tax and...
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FY 2022 Reconciliation Tracker
Read moreLast Updated: 12/20/2021 Budget reconciliation is underway ( read more about the full process here), with House and Senate lawmakers crafting a...
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No Score, No Vote: House Should Not Vote on Reconciliation Without a Score
Read moreFor Immediate Release Speaker Nancy Pelosi (D-CA) recently called for the House of Representatives to pass its reconciliation bill, the Build Back...