Papers
View our recurring reports, which summarize and analyze the most important regular federal budget releases and reports.

Chartbook: Affordable Care Act "Repeal & Replace" Effects & Implications
Below is a chartbook on the effects and implications of "repeal and replace" of the Affordable Care Act (ACA). Below are the charts with links to...

CBO’s January 2017 Budget and Economic Outlook
As President Trump enters his first full week in office, new Congressional Budget Office (CBO) projections show that he faces an unsustainable fiscal...

Principles for Responsible "Obamacare" Repeal and Replace
Policymakers are expected to soon consider legislation to repeal and possibly replace large parts of the Affordable Care Act (“ACA” or “Obamacare”)...

A Long-Term Budget for Entitlements and Required Revenues
by Stuart Butler and Maya MacGuineas This paper represents a joint project of the Brookings Institution and Committee for a Responsible Federal Budget...

The Cost of Full Repeal of the Affordable Care Act
The Affordable Care Act (ACA), also known as “Obamacare,” includes a number of provisions to expand health care coverage, as well as several offsets...

The Cost of Rising Interest Rates
This paper has been updated and is avaible here Over the next decade, interest payments on the debt are projected to be the fastest growing part of...

A Bipartisan Social Security Commission
In 1981, the Social Security trust funds were nearly empty and President Ronald Reagan and Congressional leaders in both parties appointed the...

Reconciliation 101
Note: We have updated this paper, please see our Updated Reconciliation 101. What is reconciliation? Reconciliation is a special legislative process...

Governing through Leadership: Steps to Secure Our Fiscal Future
A Memorandum to President-Elect Donald J. Trump TO: President-Elect Donald J. Trump FROM: Governor Mitch Daniels, Secretary Leon Panetta, Congressman...

A Lame Duck President in 2017?
by C. Eugene Steuerle, Maya MacGuineas, Tyler Evilsizer, and Caleb Quakenbush This report represents a joint project of the Urban-Brookings Tax Policy...

What Would Clinton and Trump Need to Do to Address the Debt Along with their Policy Agendas?
We recently estimated that Clinton's policies would likely add $200 billion to the debt over the next decade, while Trump’s policies would add $5.3...

Promises and Price Tags: An Update
Update: On November 2, 2016, we added an appendix to this update that summarizes the policies that the candidates have released. The next president...