Latest
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Fully Paid for Must Mean Fully Paid For
Read moreFor Immediate Release Senate Budget Committee Democrats have apparently reached an agreement to pursue $3.5 trillion of new spending and tax breaks...
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Policymakers Must Avoid A Budget Busting Summer
Read moreFor Immediate Release Congress returns from the July 4 recess in the midst of negotiating three major spending packages: a bipartisan infrastructure...
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CBO Reports $173 Billion Deficit for June
Read moreFor Immediate Release The United States borrowed over $2.2 trillion in the first nine months of fiscal year 2021, including $173 billion in June...
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Maya MacGuineas on Fox Business Discussing the Growing National Debt
Read moreCommittee for a Responsible Federal Budget President Maya MacGuineas joined “Mornings with Maria" on Fox Business to discuss the status of COVID...
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There is No Such Thing as Progressive SALT Cap Relief
Read moreAccording to media reports, Congress is considering reforming, rather than repealing, the $10,000 cap on the deduction for State and Local Taxes (SALT...
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ARCHIVE: How Long Before Cancelled Student Debt Would Return?
Read moreNote: (7/6/2022): This analysis is now out of date. We released an updated version of this analysis, available here, which includes updated estimates...
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Republican and Democratic Presidents Support Reducing the Tax Gap
Read moreOne of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap," or the difference between...
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Analysis of CBO's July 2021 Budget and Economic Outlook
Read moreToday, the Congressional Budget Office (CBO) released initial details of its updated Budget and Economic Outlook, accounting for enactment of the...
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CBO Projects Debt to Reach Record Levels
Read moreFor Immediate Release The Congressional Budget Office (CBO) released its Updated Budget and Economic Outlook for the next decade, projecting the...
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CBO Releases July 2021 Budget and Economic Outlook
Read moreThe Congressional Budget Office (CBO) just released its updated Budget and Economic Outlook, accounting for enactment of the American Rescue Plan and...
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Group of Senators Introduce Bill to Narrow the Tax Gap
Read moreLast month, Senator Angus King (I-ME), along with Senators Sherrod Brown (D-OH) and Tim Kaine (D-VA), introduced the Stop Corporations and High...
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Kerrey and Danforth Sound the Alarm on Long-Term Debt
Read moreFormer Senators Bob Kerrey (D-NE) and John C. Danforth (R-MO) recently published an op-ed in the Wall Street Journal highlighting the need to address...