Committee for a Responsible Federal Budget1 天
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 Budget1 天
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 Budget2 天
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 Budget2 天
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 Budget8 天
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 Budget13 天
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 Budget13 天
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 Budget4 个月
Board Members
The Committee’s Board comprises some of the nation's leading budget experts, including many past heads of the House and Senate Budget Committees, the Congressional Budget Office, the Office of ...
Committee for a Responsible Federal Budget8 天
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 Budget14 天
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 Budget3 天
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 Budget4 个月
Is It Worth It?
The “Earned Income Tax Credit” is paid out to working families with low to moderate incomes. A family with more children receives a larger credit. The Earned Income Tax Credit is listed as both a ...