COVID Pandemic
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Bipartisan Group of Lawmakers Introduce Employee Retention Tax Credit Repeal Act
Read moreIn response to concerns over fraudulent claims over the past few years, Senators Joe Manchin (I-WV), Mitt Romney (R-UT), and Thom Tillis (R-NC)...
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Improper Payments Cost the Government Billions
Read moreImproper payments made by the federal government totaled $236 billion in Fiscal Year (FY) 2023, according to testimony from the Government...
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Employee Retention Credit Faces 7X Cost Overrun
Read moreThe pandemic-era Employee Retention Tax Credit (ERC) was designed to help businesses retain workers during the pandemic. But after low initial uptake...
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COVID Relief End Explains All of 2022 Deficit Decline
Read moreThe budget deficit fell by half between Fiscal Year (FY) 2021 and FY 2022, from $2.8 trillion to $1.4 trillion. While the Biden Administration has...
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It Should Be Easy to Offset Additional COVID Funds
Read moreThe White House has made the case for additional funding to fight the COVID-19 pandemic – in particular to purchase vaccines, treatments, testing, and...
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How Much Student Debt Has Already Been Cancelled?
Read moreNote: (8/30/2022): This analysis is now out of date. We released an updated version of this analysis, available here, which updates the estimated cost...
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Time to Wind Down Remaining COVID Relief
Read moreThough most COVID relief has already been spent, several policies continue to provide ongoing financial support and could be renewed again by Congress...
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The 2021 U.S. Economy in Ten Charts
Read more2021 was a unique year in economic history. Assisted by new COVID vaccines, accommodative monetary policy, and trillions of fiscal stimulus, the US...
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State and Local Governments Flush with Cash
Read moreThe Bureau of Economic Analysis (BEA) recently released data on state and local government spending and receipts in the third quarter of 2021...
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It’s Time to Wind Down the Student Loan Moratorium
Read moreThe Biden administration recently extended the federal student loan moratorium through January 2022. Under the moratorium, most federal student loan...
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Breaking Down $800 Billion in Economic Impact Payments
Read moreThe Internal Revenue Service (IRS) recently published summary statistics for the three rounds of Economic Impact Payments (EIPs) paid through early...
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Maya MacGuineas on Fox Business Discussing the Growing National Debt
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas joined “Mornings with Maria" on Fox Business to discuss the status of COVID...