Latest
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CBO Scores the Build Back Better Act
The Congressional Budget Office (CBO) has released cost estimates for every title of the House-passed Build Back Better Act (H.R. 5376). Without...
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Statement on $2.5 Trillion Debt Ceiling Increase
Today, President Biden signed into law a $2.5 trillion increase in the ceiling on federal debt. This increase will raise the total debt ceiling to $31...
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New SALT Proposals Would Improve House Bill
So far, nearly every proposal introduced or suggested to change the state and local tax (SALT) deduction cap would be unnecessarily costly and...
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SALT Repeal Just Below $1 Million is Still Costly and Regressive
To avoid cutting taxes for households making over $1 million, some politicians have suggested eliminating the State and Local Tax (SALT) deduction cap...
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CBO Analysis Highlights Risk of Arbitrary Expirations
The House-passed Build Back Better Act incorporates numerous arbitrary sunsets in order to hold down its costs. Today, the Congressional Budget Office...
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CBO Estimates a Permanent Build Back Better
The Congressional Budget Office (CBO) today released an estimate of how much it would cost to make most temporary provisions in the House-passed Build...
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Two-Thirds of the “One Percent” Get a Tax Cut Under Build Back Better, Due to SALT Relief
Last month, we showed that the House-passed Build Back Better Act would cut taxes for roughly two-thirds of those earning more than $1 million per...
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Reducing Build Back Better Inflation Risk
As we recently discussed, the House-passed Build Back Better Act is likely to be modestly inflationary over the next few years. Though we expect the...
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Does Build Back Better Cost $1.6 Trillion or $2.4 Trillion?
The Congressional Budget Office (CBO) recently estimated that the House-passed Build Back Better Act will increase outlays by $1.64 trillion over ten...
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December Sequester Suspension Misses the Mark
For Immediate Release Congress is considering legislation that will cancel the PAYGO sequester for 2022, extend temporary COVID-era Medicare payment...
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The Physician Bonus and Medicare Sequester Suspension Should Not be Continued
A lobbying campaign recently began to extend two temporary COVID-era increases in Medicare provider payments – the Medicare sequester hiatus and...
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What Will Build Back Better Mean for Inflation?
With inflation on track to reach its highest annual rate since 1990, experts and advocates are in disagreement over whether the Build Back Better Act...