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Social Security is the largest federal government program and provides income to nearly 70 million retirees, dependents, survivors, and disabled...

In a recent letter, the Congressional Budget Office (CBO) estimated that extending and reviving various provisions from the Tax Cuts and Jobs Act...

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

Members of the Trump Administration and Congress have recently discussed the idea of waiving all taxes for those making less than $150,000 per year...

Now that the House and Senate have adopted separate budget resolutions with reconciliation instructions, lawmakers are discussing what to include in a...

Update: JCT issued a response to the letter confirming the default approach to scoring tax legislation is using a current law baseline as established...

Note: This is an update of our Tax Gap Primer using the latest available data from the IRS. One of the most fair and efficient ways for policymakers...

Updated 3/19/25: On March 14, the Senate passed a final continuing resolution to extend government funding through the end of the fiscal year, thereby...

As Congress continues to discuss a compromise budget resolution between the House and Senate, setting the stage for reconciliation, the choice of...

The House-adopted Fiscal Year (FY) 2025 budget resolution calls for up to $2 trillion in spending cuts as partial offsets for $4.8 trillion of tax...

The House Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $2.8 trillion to primary deficits through 2034 via a reconciliation...

Update (3/13/2025): This piece has been updated to include an estimate of the Changes in Mandatory Programs (CHIMPs) without outlay savings, which...