Latest
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Closing the Stepped-Up Basis Loophole
Reconciliation should not add a penny to the national debt. As lawmakers work to craft a package with $3.5 trillion of new spending and tax breaks...
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Responsibly Raising the Debt Limit
Yesterday, Treasury Secretary Janet Yellen warned Congress that the Treasury is likely to run out of extraordinary measures in October. Without action...
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Keeping Offsets on the Table
As lawmakers work to put together a reconciliation package that could include up to $3.5 trillion of gross spending and tax breaks, resistance has...
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Representatives Murphy and Cuellar Push for Fiscally Responsible Reconciliation
Representatives Stephanie Murphy (D-FL) and Henry Cuellar (D-TX) recently sent a letter to House majority leadership outlining principles for the...
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Biden Administration’s SNAP Increase Could Add $180 Billion to Deficits
The U.S. Department of Agriculture (USDA) recently announced it will be revising the Thrifty Food Plan (TFP), used for the calculation of Supplemental...
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Event Recap: What's Going on With the Social Security and Medicare Trust Funds?
On September 1, the Committee for a Responsible Federal Budget hosted “What’s Going on With the Social Security and Medicare Trust Funds.” The event...
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CBO Estimates $120 Billion from IRS Funding Boost
Today, the Congressional Budget Office (CBO) published an estimate of the revenue effects of President Biden’s proposal to increase Internal Revenue...
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Analysis of the 2021 Medicare Trustees' Report
The Social Security and Medicare Trustees released their annual reports on the long-term financial state of those programs. The reports are the first...
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Analysis of the 2021 Social Security Trustees' Report
Today, the Social Security and Medicare Trustees released their annual reports on the long-term financial state of the Social Security and Medicare...
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Trustees Show Limited Time to Save Social Security and Medicare
Today, the Social Security and Medicare Trustees released their annual reports on the state of the trust funds. The Trustees find that Medicare’s...
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Trustees: Social Security & Medicare Approaching Insolvency
The Social Security (our analysis here) and Medicare (our analysis here) Trustees just released their annual reports for 2021 on the financial status...
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House Should Not Authorize Trillions of Borrowing
The House is expected to vote this week on a Senate-passed budget resolution for Fiscal Year 2022 that would allow up to $1.75 trillion of borrowing...