The federal debt is nearly the size of the economy, and deficits are expected to exceed $1 trillion almost every year going forward. In order to help policymakers offset the cost of new spending ...
Recently revised data from the Bureau of Economic Analysis shows that Gross Domestic Product is about 1.3 percent larger than previously reported and has been somewhat larger than previously believed ...
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 ...
Currently, the federal government generally relies on the Consumer Price Index (CPI) to index provisions of the budget and tax code to account for cost-of-living changes. However, this measure ...
One gimmicky temptation will be to pull a bait-and-switch with budget baselines and pretend that tax cuts should be scored against a “current policy baseline” – a baseline that assumes the policies ...
The United States has the highest corporate tax rate in the developed world, with little revenue collection to show for it. There is a growing consensus among lawmakers, economists, and business ...