Latest
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Senate Should Make Build Back Better, Better
For Immediate Release The Senate this month is planning to consider the $2.4 trillion Build Back Better Act, which passed the House of Representatives...
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"Revenue Neutral" SALT Cap Relief is Costly and Regressive
Several senators are apparently pursuing " revenue neutral" state and local tax (SALT) deduction cap relief, meaning the cost of increasing the SALT...
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Congress' December Challenges Can't Wait
For Immediate Release As lawmakers continue to debate the Build Back Better reconciliation bill, they have a number of pressing deadlines and policy...
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A Permanent Build Back Better Act Could Cost $4.8 Trillion
UPDATE 12/10: Since this analysis was published, CBO has issued a correction to its initial estimate of H.R. 5376. Instead of adding $160 billion to...
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UPDATE: Build Back Better Visualized
UPDATE 12/10: Since this analysis was published, the Congressional Budget Office (CBO) has issued a correction to their initial estimate of H.R. 5376...
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SALT Cap Repeal Below $500k Still Costly and Regressive
According to press reports, the Senate is considering repealing the $10,000 cap on the state and local tax (SALT) deduction for those making $500,000...
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Build Back Better Act Score Highlights Need for Improvements
For Immediate Release Today, the Congressional Budget Office (CBO) published its full score and estimate of the House Build Back Better Act ( see our...
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Full Estimates of the House Build Back Better Act
UPDATE 12/13: Since this analysis was published, CBO has issued a correction to its initial estimate of H.R. 5376. Instead of adding $160 billion to...
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Marc Goldwein: There’s a baffling tax gift to the wealthy in the Democrats' social-spending bill
Marc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote an opinion...
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Build Back Better Cost Would Double with Extensions
Note (11/30/2021): We have since published an updated analysis of the House-passed bill based on estimates from the Congressional Budget Office. Read...
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Updated Budget Projections Show Record Debt by 2031
New estimates from the Committee for a Responsible Federal Budget project that debt as a percentage of Gross Domestic Product (GDP) is on track to...
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Two-Thirds of Millionaires Get a Tax Cut Under Build Back Better, Due to SALT Relief
This week, the Tax Policy Center (TPC) released new estimates for how the Build Back Better Act will affect the tax burden of individuals at various...