Committee for a Responsible Federal Budget9h
Weakening the SALT Cap is Costly, Benefits High-Earners, & Increases Tax Complexity
The Tax Policy Center (TPC) recently published analyses of several options to raise the $10,000 State and Local Tax (SALT) ...
Committee for a Responsible Federal Budget9h
Meeting Fiscal Goals Under CBO’s January 2025 Baseline
Stabilizing debt over the next decade at its current share of the economy would require $9.0 trillion of deficit reduction relative to the Congressional Budget Office’s (CBO) ...
Committee for a Responsible Federal Budget1d
More than 4/5 of Spending Growth Will Come from Social Security, Health, & Interest
From Fiscal Year (FY) 2025 to 2035, nominal spending will grow by 53 percent according to the latest Congressional Budget Office (CBO) baseline. About 83 percent of this increase can be explained by ...
Committee for a Responsible Federal Budget1d
CBO’s Discretionary Savings Options
The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number of p ...
Committee for a Responsible Federal Budget2d
Current Policy Baseline Would Set Dangerous Precedent
As lawmakers continue to prepare for using budget reconciliation to enact their priorities, some continue to suggest that they should use a “current policy” baseline for the budget resolution, ...
Committee for a Responsible Federal Budget2d
2025 Reconciliation Resources
In order for the reconciliation process to begin, the House and Senate must pass a concurrent budget resolution that includes a deficit reduction or cost target for relevant committees. Each committee ...
Committee for a Responsible Federal Budget12d
CBO Releases January 2025 Budget and Economic Outlook
The Congressional Budget Office (CBO) released its January 2025 Budget and Economic Outlook today, projecting that the national debt remains on a ...
Committee for a Responsible Federal Budget7d
Has TCJA Paid For Itself?
In early 2018, following passage of the Tax Cuts and Jobs Act (TCJA), the Congressional Budget Office projected revenue co ...
Committee for a Responsible Federal Budget12d
CBO Projects Record Debt in 4 Years, Interest Matching Record This Year
The Congressional Budget Office (CBO) released its latest projections for the budget and economic outlook today, projecting ...
Committee for a Responsible Federal Budget7d
Trump’s Latest Tariff Plan Could Raise $1.5 Trillion
Conventional estimates assume tariffs would reduce import levels consistent with elasticities derived from research and that all gained tariff revenue would be subject to income and payroll tax ...
Committee for a Responsible Federal Budget13d
CBO’s Medicare Savings Options
Medicare – a federal program that provides health insurance to seniors and some individuals with disabilities – is one of the ...
Committee for a Responsible Federal Budget7d
Marc Goldwein on CNBC's "The Exchange"
The Committee's senior vice president and senior policy director, Marc Goldwein, recently appeared on CNBC's "The Exchange" alongside Don Schneider, Piper Sandler's deputy head of U.S.