Latest
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White House Should Repeal Drug Rebate Rule as Part of Inflation Reduction Act Agreement
Later today, President Biden will sign the Inflation Reduction Act (IRA). In its original agreement, the IRA would have permanently prohibited...
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A True Pivot in Budgeting
Moments ago, the House passed the Inflation Reduction Act, which would reduce the deficit substantially this decade and beyond. The bill passed the...
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Senate Takes First Step Toward Fixing Our Debt
Moments ago, the Senate passed the Inflation Reduction Act. The following is a statement from Maya MacGuineas, president of the Committee for a...
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The Inflation Reduction Act Would Reduce the Tax Gap
Of the $790 billion of savings and offsets in the Inflation Reduction Act (IRA) , about $125 billion would come from improving tax compliance...
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Budget Experts Urge Congress to Enact Deficit Reduction
Today, 55 of the nation’s top budget experts issued a letter calling for Congress to enact deficit reduction in the coming months and years in order...
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Congress Should Not Water Down Inflation Reduction Act
The Senate will soon consider the Inflation Reduction Act, a health care, energy, climate, and tax bill that would reduce deficits by roughly $305...
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IRA Saves Almost $2 Trillion Over Two Decades
The Inflation Reduction Act (IRA) would reduce budget deficits by over $300 billion in its first nine years, but much of the savings would take time...
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Congress Should Proceed with Caution on Telehealth Extensions
On July 27, the House of Representatives passed the Advancing Telehealth Beyond COVID-19 Act, HR 4040, to extend telehealth flexibilities in Medicare...
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IRA Would Lower Medicare Costs, NOT Cut Benefits
Several political advertisements have made misleading attacks that the Inflation Reduction Act (IRA) would cut Medicare spending by $300 billion. In...
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Congress Should Support Veterans Without Exploding the Debt
The Senate is likely to vote on the Honoring our PACT Act soon, which would spend roughly $280 billion to expand veterans benefits and allow...
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IRA Will Help Fed Fight Inflation
A recent Penn Wharton Budget Model (PWBM) study has been used by opponents to claim the Inflation Reduction Act (IRA) would increase rather than...
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Maya MacGuineas: Five ways national debt is canceling our future
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...