Committee for a Responsible Federal Budget5d
Chris Towner: It’s Time To Get Serious About The Federal Budget Deficit
Chris Towner is the policy director for the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for the Carolina Journal, an excerpt of which is below.
Committee for a Responsible Federal Budget7d
Top 13 Fiscal Charts of 2024
It was a busy year for fiscal policy in 2024, with a big focus on the presidential election. In addition to releasing a few major papers, we also wrote our usual analyses of major budget reports and ...
Committee for a Responsible Federal Budget14d
Build Your Own Child Tax Credit
The $2,000 Child Tax Credit has been the subject of frequent debate and modification. The Build Your Own Child Tax Credit tool allows users to design their own modifications to the child tax credit ...
Committee for a Responsible Federal Budget26d
Senate Will Soon Vote on Speeding Up Social Security Insolvency
Senate Majority Leader Chuck Schumer (D-NY) announced yesterday that the Senate would vote on the Social Security Fairness Act, which passed the House in November. This bill would repeal the Windfall ...
Committee for a Responsible Federal Budget26d
Typical Couple Will Lose $25,000 of Social Security from WEP/GPO Repeal
Lawmakers are considering the repeal of Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). Not only would this repeal unfairly expand windfall benefits by ...
Committee for a Responsible Federal Budget28d
TCJA Extension Might Not Pay for Any of Itself
Despite claims that tax cuts pay for themselves, analyses from across the political spectrum have found that the economic effects of extending the expiring parts of the Tax Cuts and Jobs Act (TCJA) ...
Committee for a Responsible Federal Budget26d
Medicaid Savings Options
The Medicaid program – a joint federal-state program that provides health care to low-income populations – is projected to cost the federal government nearly $8 trillion over the next decade. With the ...
Committee for a Responsible Federal Budget29d
CBO Estimates $622 Billion Deficit for First Two Months of Fiscal Year 2025
The United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according to the latest Monthly Budget Review from the ...
Committee for a Responsible Federal Budget29d
12-Month Rolling Deficit Rises to $2.1 Trillion in November 2024
From December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office's (CBO) Monthly Budget Review. This is a $51 billion ...
Committee for a Responsible Federal Budget22d
Statement on the Passing of John Spratt
Congressman John Spratt, a former longtime Representative from South Carolina and a member of the Committee for a Responsible Federal Budget, died Saturday at the age of 82. The following is a ...
Committee for a Responsible Federal Budget27d
Treasury: $624 Billion Deficit in First Two Months of Fiscal Year 2025
The United States borrowed $624 billion in the first two months of fiscal year 2025, including $367 billion in November, according to the latest Monthly Treasury Statement from the Treasury Department ...