Committee for a Responsible Federal Budget9h
CBO Estimates $710 Billion Deficit for First Three Months of Fiscal Year 2025
The United States borrowed $710 billion in the first three months of Fiscal Year (FY) 2025, including $85 billion in the month of December, according to the latest ...
Committee for a Responsible Federal Budget1d
Weakening the SALT Cap Would be a Costly Mistake
Rather than weakening the SALT cap, lawmakers should strengthen it. Concern over the marriage penalty could be addressed by reducing the SALT cap to $5,000 for single filers or setting a new ...
Committee for a Responsible Federal Budget1d
Putting Numbers to TCJA Dynamic Feedback Estimates
As we have pointed out before, extending the various individual and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) beyond their scheduled expiration at the end of 2025 is unlikely to boost ...
Committee for a Responsible Federal Budget2d
Maya MacGuineas on Bloomberg TV's "Balance of Power"
Committee president Maya MacGuineas recently appeared on Bloomberg's "Balance of Power" to discuss President-elect Trump's comments on the debt ceiling, the House and Speaker's plan for a reconcili ...
Committee for a Responsible Federal Budget2d
Budget Resolution Should Provide a Plan for Realistic Debt Reduction
Lawmakers intend to pursue budget reconciliation legislation in the coming months, which requires passage of a concurrent budget resolution that includes reconciliation instructions in order to ...
Committee for a Responsible Federal Budget2d
CBO’s “Other Mandatory” Savings Options
The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining 76 policy opt ...