Latest
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Trust Fund Solvency Could Stabilize the Debt
Read moreRestoring solvency to the major trust funds could stabilize debt as a share of the economy, albeit at a very high level. We estimate that when dynamic...
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Breaking Down the Proposals in the President's FY 2025 Budget
Read moreThe Biden Administration recently released the President's Fiscal Year (FY) 2025 budget, outlining President Biden's tax and spending priorities for...
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Donald Trump’s 60% Tariff on Chinese Imports
Read moreFormer President and current Republican presidential candidate Donald Trump recently proposed implementing a tariff of 60 percent or higher on imports...
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Treasury: $1.1 Trillion Deficit in First Half of Fiscal Year
Read moreThe United States borrowed $1.1 trillion in the first six months of fiscal year 2024, including $236 billion in March, according to the latest Monthly...
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What’s In the House Budget Committee’s FY 2025 Budget Resolution?
Read moreThe House Budget Committee (HBC) recently released, marked up, and approved its Fiscal Year (FY) 2025 budget resolution. In our press release, the...
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Adding Debt to Tax Deal Would Be a Costly Blunder
Read moreSome lawmakers have recently suggested combining the House-passed Tax Relief for American Families and Workers Act of 2024 (also known as Wyden-Smith...
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CRFB Reacts to President Biden’s Student Loan Plan
Read morePresident Biden today announced a new student debt cancellation plan. Specifically, the plan would cancel up to $20,000 of accrued interest for...
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Deficit Was $1.7 Trillion Over Past Year
Read moreThe federal budget deficit totaled $1.7 trillion over the past 12 months, down $142 billion from the 12-month period ending in February and down $37...
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Student Debt Cancellation Resources Page
Read moreOverview Student debt cancellation has gained attention in recent years as a policy proposal to address rising student debt levels in the United...
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Event Recap – When the TCJA Expires: A Tax Policy Summit
Read moreOn March 28, the Committee for a Responsible Federal Budget hosted When the TCJA Expires: A Tax Policy Summit, an event focusing on the large parts of...
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New Interactive Tool: Build Your Own Tax Extensions
Read moreWith large parts of the 2017 Tax Cuts and Jobs Act (TCJA) set to expire after 2025, policymakers will soon face important choices about the future of...
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Spending Cuts in the President's FY 2025 Budget
Read moreThe President's Fiscal Year (FY) 2025 budget calls for $3.3 trillion of net deficit reduction through 2034, with $6.5 trillion of gross revenue and...