Latest
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SALT Cap Repeal Would Be a Costly Mistake
Read moreRecent reports indicate Congress may repeal the $10,000 cap on the State and Local Tax (SALT) deduction in its $3.5 trillion reconciliation bill, with...
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CBO Reports $173 Billion Deficit for August
Read moreThe United States borrowed over $2.7 trillion in the first 11 months of fiscal year 2021, including $173 billion in August, according to the latest ...
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Closing the Stepped-Up Basis Loophole
Read moreReconciliation 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
Read moreYesterday, 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
Read moreAs 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
Read moreRepresentatives 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
Read moreThe 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?
Read moreOn 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
Read moreToday, 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
Read moreThe 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
Read moreToday, 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
Read moreToday, the Social Security and Medicare Trustees released their annual reports on the state of the trust funds. The Trustees find that Medicare’s...