Latest
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GAO Recommends Actions to Reduce Tax Gap
Read moreThe Government Accountability Office (GAO) recently released revised recommendations for the Treasury Department and the Internal Revenue Service (IRS...
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Gross National Debt Tops $34 Trillion; Third Milestone in 12 Months
Read moreThe gross national debt of the United States topped $34 trillion Friday after topping $33 trillion in September, the U.S. Treasury confirmed today...
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Top 10 Fiscal Charts of 2023
Read moreFiscal policy was once again at the forefront of congressional debates in 2023, giving us many opportunities to write about and illustrate the...
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Potential Tax Deal Could Cost $830 Billion
Read moreUPDATE (January 2024): We have published an updated analysis of this tax deal. You can find the updated analysis here . As Congress nears important...
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Talking Debt and Deficits in the GOP Debates
Read moreIn the first four Presidential primary debates, the GOP candidates have mentioned the deficit or debt a combined 35 times, with former United Nations...
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Payroll Taxes Fall Short of Paying for Social Security and Medicare
Read moreIn 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
Read moreAccording 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
Read moreMarc 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
Read moreSo 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
Read moreThe 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
Read moreThe 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
Read moreWith policymakers considering supplemental appropriations for Ukraine, Israel, and other foreign policy needs, many are wondering how much of the...