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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...
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Limiting the Cost of Medicare Expansion
Read moreAs Congress negotiates proposals for Medicare benefit expansions, it should consider ways to limit their costs by either dropping the expansions...
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Q&A: Everything You Should Know About Government Shutdowns
Read moreThis paper has been updated here. The new fiscal year (FY) will begin on October 1, 2021, and Congress has so far enacted none of the 12...
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Maya MacGuineas: Mind the (tax) gap: To fund new spending, people should pay the taxes they owe
Read moreMaya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Reconciliation Unlikely to Produce $600 Billion in Dynamic Revenue
Read morePolicymakers are claiming their $3.5 trillion reconciliation package will be fully paid for by counting on $600 billion of dynamic feedback on top of...
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Five Ways to Improve the FY 2022 Reconciliation Package
Read moreCongress is attempting to enact a large and ambitious agenda of new programs through the reconciliation process. While President Biden has made the...