Papers

Before the end of the year, Congress will again consider renewal of the “tax extenders,” a collection of more than 50 expired tax breaks for...

March 2017 Note: We have updated this Q&A. A new version is available here.

This paper was updated on October 15, 2015 to reflect the final end of year deficit as announced by the Treasury Department. The Fiscal Year (FY) 2015...

Today marks the end of Fiscal Year 2015. As we look forward to the important work lawmakers face this coming year, let us also take a brief look back...

Download a 1-page summary of the plan. Update 9/16/2015: The appendix was corrected to accurately describe the proposed change to federal employee...

The Congressional Budget Office (CBO) today released its updated budget and economic projections for the coming decade, showing that while short-term...

In early 2015, the Committee for a Responsible Federal Budget (CRFB) warned of the upcoming Fiscal Speed Bumps, explaining “lawmakers will face a...

August 14 marks the 80th birthday of the Social Security program, which was established in the Social Security Act of 1935. Over the past 80 years...

Update: The original version of this paper had a mathematical typo, saying that Medicare beneficiaries get, on average, 350% more out of the program...

Today, the Social Security and Medicare Trustees released their annual reports on the financial health of the programs. Although these projections...

For additional budget process resources including specific options for reform, visit our Better Budget Process Initiative home page.