Some policymakers have suggested allowing the $10,000 cap on the State and Local Tax (SALT) deduction to expire as scheduled at the end of 2025. We estimate this would increase the cost of extending...
The Fiscal Responsibility Act (FRA) of 2023 re-established Administrative PAYGO (Pay-As-You-Go) – a rule requiring the executive branch to offset administrative actions that increase deficits, with...
In the latest Congressional Budget Office (CBO) baseline, nominal spending is projected to grow from $6.8 trillion in Fiscal Year (FY) 2024 to $10.3 trillion in 2034. About 87 percent of this increase...