The next President will face significant fiscal challenges upon taking office, including record debt levels, large structural ...

Under these illustrative scenarios, no taxes on overtime would reduce revenue by $250 billion to $1.4 trillion on a static ...

Members of the Bipartisan Fiscal Forum (BFF) spoke yesterday on the House of Representatives floor to highlight the danger ...

Below are some highlights from our 2024 Budget Bash. From left to right: Committee co-chair Mitch Daniels, former ...

The letter follows a growing chorus of calls on the need to address rising debt and deficits and can be found here.

Large parts of the 2017 Tax Cuts & Jobs Act (TCJA) are set to expire at the end of 2025. Design your own solution below. The TCJA repealed the personal exemption and in its place nearly doubled the ...

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 ...

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 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 ...

In May, CBO released an update to its Budget and Economic Outlook, showing cumulative deficits from 2014 to 2023 of $6.3 trillion and debt reaching 73.6 percent of GDP in 2023. We have also updated ...

Recently revised data from the Bureau of Economic Analysis shows that Gross Domestic Product is about 1.3 percent ...