The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net inte ...

Reduce revenue by $5.0 trillion to $11.2 trillion over ten years. Lower revenue by 1.3 to 3.0 percent of Gross Domestic Product (GDP). Boost debt to between 132 and 149 percent of GDP by 2035, if not ...

This higher debt would also further explode interest payments. Already, interest costs have exceeded spending on Medicare and ...

The Pell Grants program is now expected to run out of reserves by the end of this year and is expected to face a $71 billion ...

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) ...

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 ...

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 ...

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” ...

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 ...