Papers
View our recurring reports, which summarize and analyze the most important regular federal budget releases and reports.
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Chartbook: Reducing the Tax Gap
One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “ tax gap.” The tax gap is the...
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Analysis of CBO's July 2021 Budget and Economic Outlook
Today, the Congressional Budget Office (CBO) released initial details of its updated Budget and Economic Outlook, accounting for enactment of the...
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ARCHIVE: Appropriations 101
What are appropriations? How does Congress determine the total level of appropriations? How will this year's appropriations process be different? How...
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President Biden's Full FY 2022 Budget
The Biden Administration today released its first full budget, laying out its proposals for Fiscal Year (FY) 2022 and the subsequent decade. The...
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Interest Payments in the Federal Budget
At a projected cost of over $300 billion this fiscal year, interest payments are a significant part of the federal budget. Net interest is currently...
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The Nation's Upcoming Fiscal Challenges
President Joe Biden and the nation face perhaps the most daunting fiscal situation on record. One hundred days into his presidency, President Biden...
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COVID Bills Had $650 Billion in Extraneous Policies
Congress has authorized around $6 trillion of fiscal support in response to the COVID pandemic, with a projected net cost of well over $5 trillion...
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Alexander Holt's Senate Testimony on Student Debt's Burden on Borrowers and the Economy
On April 13, Committee for a Responsible Federal Budget policy analyst Alexander Holt testified at the Senate Banking Subcommittee on Economic Policy...
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President Biden's FY 2022 Discretionary Budget
Today, the Biden Administration released an abridged version of the President’s budget. This partial budget details proposed allocations and plans for...
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Maya MacGuineas's Senate Testimony on Taxation of Corporations and the Wealthy
On March 25, Committee for a Responsible Federal Budget president Maya MacGuineas testified before the Senate Budget Committee on "Ending a Rigged Tax...
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The Case for Trust Fund Solutions
Some of the nation’s most important government programs are financed with dedicated revenue sources using federal trust funds. Four of those programs...
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How High Are Federal Interest Payments?
This year, the federal government will spend $300 billion on interest payments on the national debt. This is the equivalent of nearly 9 percent of all...