Rather than weakening the SALT cap, lawmakers should strengthen it. Concern over the marriage penalty could be addressed by reducing the SALT cap to $5,000 for single filers or setting a new ...

Lawmakers intend to pursue budget reconciliation legislation in the coming months, which requires passage of a concurrent budget resolution that includes reconciliation instructions in order to ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining 76 policy opt ...

Committee president Maya MacGuineas recently appeared on Bloomberg's "Balance of Power" to discuss President-elect Trump's comments on the debt ceiling, the House and Speaker's plan for a reconcili ...

In a reversal from 2023, policymakers enacted $1 trillion of ten-year debt increases in 2024, including roughly $380 billion ...

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 “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 ...

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 ...

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 ...