Domestic Spending
Latest
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Congress Should Avoid Costly Tax Cut Holiday Season
According to press reports , policymakers may be close to reaching a bipartisan tax cut deal that would temporarily restore various business tax...
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Comparing 2024 Appropriations Levels
With the passage of the second continuing resolution (CR) for Fiscal Year (FY) 2024, Congress should turn to passing full-year appropriations bills...
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Government Shutdowns Q&A: Everything You Should Know
This paper has been updated here. The first continuing resolution (CR) for fiscal year (FY) 2024 expires on November 17, 2023, and Congress has so far...
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Paying for Emergency Funding
As Congress considers $14 billion of emergency funding to aid Israel and potentially tens of billions more in other one-time foreign and domestic...
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Any Domestic Supplemental Should Be Paid For
The White House submitted a supplemental appropriations request for domestic needs yesterday totaling $56 billion. The request includes funding for...
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IRS Rescission Would Worsen Deficits
Rescinding $25 billion of IRS funding would result in the loss of $49 billion in revenue and increase deficits by $24 billion over ten years...
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Government Shutdowns Q&A: Everything You Should Know
This paper has been updated here. The new fiscal year (FY) begins on October 1, 2023, and Congress has so far enacted none of the 12 appropriations...
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White House Calls for $40 Billion Supplemental
The White House recently proposed a supplemental appropriations package to boost Fiscal Year (FY) 2024 ordinary appropriations by $40 billion above...
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We Must Not Backslide on Fiscal Responsibility Act
The bipartisan Fiscal Responsibility Act (FRA) enacted last month was projected to generate $1.5 trillion of deficit reduction – more than any...
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IRA Energy Provisions Could Cost Two-Thirds More Than Originally Estimated
At the time of its passage, the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) estimated that the Inflation Reduction Act...
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Rep. Grothman Introduces Bill to Enforce FY 2026-2029 Spending Caps
Representative Glenn Grothman (R-WI) recently introduced the Enforce the Caps Act in the House, along with nearly a dozen co-sponsors. The legislation...
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W&M Tax Bill Undermines FRA Savings
The American Families and Jobs Act (AFJA) that recently passed the House Ways and Means Committee would add $320 billion to the deficit over the next...