In early 2018, following passage of the Tax Cuts and Jobs Act (TCJA), the Congressional Budget Office projected revenue co ...

Committee for a Responsible Federal Budget President Maya MacGuineas joined CNBC's "Squawk Box" to discuss the nation's fiscal outlook, President Trump’s proposed tariff plans and the ongoing negot ...

Conventional estimates assume tariffs would reduce import levels consistent with elasticities derived from research and that all gained tariff revenue would be subject to income and payroll tax ...

Medicare – a federal program that provides health insurance to seniors and some individuals with disabilities – is one of the ...

The Congressional Budget Office (CBO) released its latest projections for the budget and economic outlook today, projecting ...

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 ...

The federal budget deficit totaled $2.0 trillion for calendar year 2024, an increase of roughly $200 billion from the ...

The Congressional Budget Office (CBO) released its January 2025 Budget and Economic Outlook today, projecting that the national debt remains on a ...

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 ...

With the national debt on course to exceed its record as a share of the economy in the next two years, interest payments on the debt surging, and major trust funds approaching insolvency, policymakers ...