In 2027, we estimate the House reconciliation bill would boost deficits to about 7.0 percent of GDP, which is more than ...

Already in 2024, spending on net interest surpassed all spending on Medicare and defense. With higher rates and debt, its ...

The House of Representatives may vote on the reconciliation package, or the “One, Big, Beautiful Bill Act” (OBBBA), this week.

The House is continuing to mark up its reconciliation legislation, which we estimate would add $3.3 trillion to the debt ...

As the House considers a reconciliation package that is shaping up to add $3.3 trillion to the debt over a decade as writte ...

As written, the reconciliation bill being considered in the House of Representatives is set to increase the debt by $3.3 trilli ...

Limiting the SALT cap to a low level and including an upper-income limit would limit revenue loss and maintain progressivity.

The developing House reconciliation bill is shaping up to add roughly $3.3 trillion to the debt through Fiscal Year (FY) 2034 and is setting the stage for more than $5.2 tr ...

The Ways & Means bill contains numerous new tax cuts and breaks, most of which would expire after 2028. These tax breaks as written would increase deficits by $660 billion; however, if they are ...

The federal budget deficit totaled $2.0 trillion over the past 12 months based on estimates from the Congressional Budget ...

At the same time, the draft would temporarily boost the standard deduction by an additional $1,000 to $2,000 for four years and boost the Child Tax Credit by an additional $500 (from $2,000 to $2,500) ...

Committee recently released its proposed reconciliation legislation, which is expected to save over $900 billion through 2034 to help finance the broader reconciliation bill. In a separate piece we ...