Committee for a Responsible Federal Budget16h
Debt-to-GDP Growth Could Double with a $5.5 Trillion Bill
According to press reports, House lawmakers were recently considering a budget resolution with reconciliation instructions to ...
Committee for a Responsible Federal Budget16h
How Much Revenue Will Trump's Tariffs Raise?
President Trump's tariffs include a 10 percent tariff on all imports from China that went into effect on February 4. We estimate that this tariff will raise $20 billion in revenue through the rest of ...
Committee for a Responsible Federal Budget4d
Reconciliation Should Indeed Reduce Budget Deficits
The Republican Study Committee (RSC) Steering Committee released their position calling for deficit reduction in the upcoming budget reconciliation process, writing “Reconciliation legislation must ...
Committee for a Responsible Federal Budget6d
Weakening the SALT Cap is Costly, Benefits High-Earners, & Increases Tax Complexity
The Tax Policy Center (TPC) recently published analyses of several options to raise the $10,000 State and Local Tax (SALT) ...
Committee for a Responsible Federal Budget6d
Meeting Fiscal Goals Under CBO’s January 2025 Baseline
Stabilizing debt over the next decade at its current share of the economy would require $9.0 trillion of deficit reduction relative to the Congressional Budget Office’s (CBO) ...