Latest
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Payroll Taxes Fall Short of Paying for Social Security and Medicare
In a recent New York Times opinion piece which keyed off a recent analysis from Karen Smith and Committee for a Responsible Federal Budget board...
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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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Marc Goldwein and Chris Towner: Social Security Can’t Grow Its Way Out of Trouble
Marc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. Chris Towner is policy director...
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Lawmakers Are Mulling Up to $2.3 Trillion in Borrowing
So far, this year, lawmakers have enacted $1.3 trillion of ten-year debt reduction (see our debt thermometer) – the most since 2011. But policies...
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Lower Costs, More Transparency Act Passes House
The House of Representatives passed the Lower Costs, More Transparency Act yesterday with a large bipartisan majority. Within the legislation is an...
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Treasury: $381 Billion Deficit in First 2 Months of Fiscal Year
The United States borrowed $381 billion in the first two months of fiscal year 2024, including $314 billion in November, according to the latest...
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A Breakdown of Foreign Aid Obligations
With policymakers considering supplemental appropriations for Ukraine, Israel, and other foreign policy needs, many are wondering how much of the...
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CBO Estimates $383 Billion Deficit For First Two Months of Fiscal Year
The United States borrowed $383 billion in the first two months of fiscal year 2024, including $317 billion in November, according to the latest...
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Can Social Security Be Saved by Selling America’s Oil & Gas Reserves?
In a town hall hosted by Fox News, former President Donald Trump suggested that America’s fiscal problems – and specifically Social Security’s looming...
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CBO Scores National Security and Border Bill at $113 Billion
The Senate will soon consider a bill combining President Biden's national security supplemental funding request with border security measures. The...
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Vivek Ramaswamy's Proposal to Increase Defense Spending
Vivek Ramaswamy, businessman and current GOP presidential candidate, has proposed increasing spending on national defense to at least 4 percent of...
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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...