Upcoming Congressional Fiscal Policy Deadlines
Updated 12/24/2019: Congress did not complete action on appropriations before the end of the fiscal year on Sept. 30, although lawmakers enacted...
Taxes
Budget Deal Shows Bipartisan Failure of Leadership
For Immediate Release
Later today, President Trump is expected to sign into law a $1.4 trillion spending package, appropriated through two...
Appropriations Deal Will Cost $2.1 Trillion Over 20 Years
The appropriations deal's numerous deficit-increasing policies, most notably its permanent repeal of three Affordable Care Act (ACA) taxes,...
OECD: U.S. Has the Highest Deficit
The United States had the highest deficit in 2018 among Organisation for Economic Co-operation and Development (OECD) countries...
Budget Offsets Bank
The federal debt is at a post-war record high, deficits are set to exceed the trillion-dollar mark this year, and new initiatives are being proposed...
Wall Street Journal Editorial Board Takes on Temporary Tax Breaks
The Wall Street Journal editorial board wrote an opinion piece today decrying special interest tax subsidies that may be added to a year-end...
2020 Federal Tax Brackets Are Here
The Internal Revenue Service (IRS) has released its tax year 2020 inflation adjustments for more than 60 federal tax provisions. To make these...
Marc Goldwein & Tyler Evilsizer: Moving from a debt-busting tax cut to pro-growth tax reform
Marc Goldwein is the senior vice president and senior policy director at the Committee for a Responsible Federal Budget. Tyler Evilsizer is the...
Policymakers Should Reject Efforts to Weaken SALT Cap
For Immediate Release
The Senate is voting this afternoon to reopen state workarounds on the limits on the State and Local Tax (SALT) deduction...
Maya MacGuineas: The Tax Cuts and Jobs Act Made the Debt Worse and Makes Fixing It Even Harder
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote a...