According to press reports, House lawmakers were recently considering a budget resolution with reconciliation instructions to ...

President Trump's tariffs include a 10 percent additional tariff on all imports from China that went into effect on February 4. We estimate that this tariff will raise $20 billion in revenue through ...

The Tax Policy Center (TPC) recently published analyses of several options to raise the $10,000 State and Local Tax (SALT) ...

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) ...

The Republican Study Committee (RSC) Steering Committee released their position calling for deficit reduction in the upcoming budget reconciliation process, writing “Reconciliation legislation must ...

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 ...

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 ...

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, ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number of p ...

Committee for a Responsible Federal Budget President Maya MacGuineas joined CNBC's "Squawk Box" to discuss the nation's fiscal outlook, President Trump’s proposed tariff plans and the ongoing negot ...

Sources: Committee for a Responsible Federal Budget estimates mainly based on data from the Congressional Budget Office (CBO) and U.S. Census Bureau. Although we assume these would be “minimum” ...