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Everything You Need to Know About Student Debt Cancellation
Read moreBelow are a few frequently asked questions about student debt cancellation and proposals around it. Whose debt has been cancelled? How much will Biden...
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Debt Cancellation Plan Is Costly, Inflationary, and Cynical
Read moreToday President Biden announced his plan to cancel $10,000 per borrower of student debt by executive action for households who make less than $250,000...
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New Student Debt Changes Will Cost Half a Trillion Dollars
Read moreNote (9/26/2022): The Congressional Budget Office (CBO) has released an estimate that debt cancellation will cost $400 billion . Using new information...
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Cancelling Student Debt Would Undermine Inflation Reduction Act
Read moreThe recently-passed Inflation Reduction Act (IRA) will reduce budget deficits by roughly $275 billion while pushing fiscal policy in the right...
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IRA Changes Could Erase $500 Billion of Long-Term Savings
Read moreRecently, we estimated the original Inflation Reduction Act (IRA) would reduce deficits by roughly $1.5 trillion over two decades, or nearly $2...
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White House Should Repeal Drug Rebate Rule as Part of Inflation Reduction Act Agreement
Read moreLater 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
Read moreMoments 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
Read moreMoments 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
Read moreOf 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
Read moreToday, 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
Read moreThe 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
Read moreThe 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...