CBO/JCT

Congress has excluded or erased over $12 trillion in deficit-increasing provisions from the five-year Pay-As-You-Go (PAYGO) scorecard and over $17...

Since gross national debt crossed $40 trillion last month – and the more meaningful debt held by the public as a share of Gross Domestic Product (GDP)...

The Congressional Budget Office (CBO) released an estimate of the potential revenue from a registration fee on Electric Vehicles (EVs) included in the...

The Senate Judiciary and Homeland Security and Governmental Affairs (HSGAC) Committees released draft reconciliation legislation for Fiscal Year (FY)...

The Social Security retirement trust fund is projected to go insolvent in Fiscal Year (FY) 2032 under the Congressional Budget Office’s (CBO) new...

The “One Big Beautiful Bill Act” (OBBBA) will add $4.2 trillion to the national debt through Fiscal Year (FY) 2034 or $4.7 trillion through 2035 after...

Over the coming decade, the vast majority of growth in federal government spending will come from just four parts of the federal budget: Social...

The Congressional Budget Office (CBO) recently released its updated economic projections for 2025 through 2028, updated from its January 2025 baseline...

Note: This blog was updated on 8/4/25 to reflect CBO's newly-released estimates of the permanent cost of certain expiring tax provisions in OBBBA. The...

The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring...

Note: the Joint Committee on Taxation (JCT) has put together a current law score of the Senate Finance Committee tax proposals, which roughly match...