Latest
-
Reviving Expired Tax Extenders Could Cost $150 Billion
For years, Washington has resigned itself to a patchwork of tax policy in place for one or two years at a time, allowing niche temporary tax...
-
The Republican Study Committee's FY 2020 Budget: Preserving American Freedom
The Republican Study Committee (RSC) has released its own budget proposal for Fiscal Year (FY) 2020, calling for $10.7 trillion in deficit reduction...
-
Joint Letter: Don't Revive the Expired Tax Extenders
Below is a joint letter sent today to Congressional leadership and the heads of the taxwriting committees urging them against reviving the temporary...
-
President's Budget Gets Serious About Cutting Waste, Fraud, and Abuse
Update: the tables in this post have been updated with estimates from CBO's analysis of the President's FY 2020 budget. CBO does not provide specific...
-
CBO Report Shows Debt Headed Toward Uncharted Waters
For Immediate Release The Congressional Budget Office (CBO) released updates to its budget projections this afternoon. Under current law, CBO projects...
-
CBO's Updated Baseline Shows Grim Outlook
Today, the Congressional Budget Office (CBO) released its updated budget projections. The projections are relatively similar to January and continue...
-
Letter to Congress to Abide By PAYGO
Below is a letter from Committee for a Responsible Federal Budget president Maya MacGuineas to all Members of Congress asking them to offset the costs...
-
Social Security Shortfall Could Be Worse Than Reported
The 2019 Social Security Trustees Report estimates the program's trust funds face a 75-year actuarial shortfall of 2.78 percent of taxable payroll...
-
Watch: Unpacking the Social Security Trustees' Report
The Committee for a Responsible Federal Budget hosted a lunch and panel discussion today on Unpacking the Social Security Trustees' Report. You can...
-
Social Security Will Start Spending Trust Fund Reserves Next Year
The 2019 Social Security Trustees' report reminded us that Social Security faces large and rising imbalances, projecting that the theoretically...
-
The Good News on Social Security: We Have More Time to Improve Disability Insurance
This week's Social Security Trustees' report warned that the program is on a path toward insolvency, with the theoretically combined trust fund set to...
-
Analysis of the 2019 Social Security Trustees’ Report
The Social Security Trustees released their annual report today, continuing to show that the Social Security program must address its funding...