Latest
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CBO: Debt Will Rise to 156% of the Economy in 30 Years
The Congressional Budget Office (CBO) released its latest Long-Term Budget Outlook today, showing that under current law, debt will rise from 100...
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Medicare Advantage Will Be Overpaid by $1.2 Trillion
The Medicare Payment Advisory Commission (MedPAC) released their latest status report on the Medicare Advantage (MA) program last week. Based on this...
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Raise the Debt Ceiling & Reduce the Debt
The Congressional Budget Office today estimated that the federal government will breach the debt ceiling sometime in the late summer or early fall, at...
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Lawmakers Should Ensure Reconciliation Reduces Debt
With both the Senate and House of Representatives having adopted separate budget resolutions for Fiscal Year (FY) 2025 to facilitate reconciliation...
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CBO's Options to Improve Social Security Solvency
Social Security is the largest federal government program and provides income to nearly 70 million retirees, dependents, survivors, and disabled...
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Tax Cut Extensions Would Add $37 Trillion to Debt by 2054
In a recent letter, the Congressional Budget Office (CBO) estimated that extending and reviving various provisions from the Tax Cuts and Jobs Act...
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Ending Taxes Below $150,000 Would Lose $10 to $15 Trillion
Members of the Trump Administration and Congress have recently discussed the idea of waiving all taxes for those making less than $150,000 per year...
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2025 Reconciliation Tracker
Now that the House and Senate have adopted separate budget resolutions with reconciliation instructions, lawmakers are discussing what to include in a...
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Primer: Understanding the Tax Gap
Note: This is an update of our Tax Gap Primer using the latest available data from the IRS. One of the most fair and efficient ways for policymakers...
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Senators Push Back Against Current Policy Gimmick
Update: JCT issued a response to the letter confirming the default approach to scoring tax legislation is using a current law baseline as established...
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Appropriations Watch: FY 2025
Updated 3/19/25: On March 14, the Senate passed a final continuing resolution to extend government funding through the end of the fiscal year, thereby...
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CRFB Announces New Board Members Senator Mitt Romney and Senator Joe Manchin
The Committee for a Responsible Federal Budget is honored to announce that former Senators Mitt Romney (R-UT) and Joe Manchin (I-WV) have joined its...