Committee for a Responsible Federal Budget5d
The 12-Month Rolling Deficit Totals $2.1 Trillion in August 2024
From September 2023 through August 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the ...
Committee for a Responsible Federal Budget3d
Repealing the WEP/GPO Provision Leads to Larger Deficits and Earlier Insolvency
Members of Congress recently filed a discharge petition on a bill to repeal Social Security’s Windfall Elimination Provision ...
Committee for a Responsible Federal Budget10d
$16,500 Cut Awaits Retirees if Social Security Isn't Reformed
Former President Donald Trump and Vice President Kamala Harris have both said they would “protect” the Social Security ...
Committee for a Responsible Federal Budget4d
IRS Cuts Would Cause $66 Billion of Revenue Loss
New Congressional Budget Office (CBO) estimates find that these cuts would weaken the agency’s tax enforcement capabilities, ...
Committee for a Responsible Federal Budget10d
The Kamala Harris Plan for Taxing Capital Income
As part of her New Way Forward for Small Businesses, Vice President Kamala Harris announced her support for several policies ...
Committee for a Responsible Federal Budget9d
Donald Trump’s Proposal to Lower the Corporate Tax Rate to 15%
President Trump recently proposed lowering the corporate tax rate from 21 to 15 percent for corporations that make their ...
Committee for a Responsible Federal Budget5d
CBO Estimates $1.9 Trillion Deficit for First 11 Months of Fiscal Year
In the first eleven months of fiscal year 2024, the United States borrowed $1.9 trillion, including $381 billion in August, ...
Committee for a Responsible Federal Budget11d
Lawsuit Alleges Department of Education May Imminently Cancel Student Debt
According to a complaint filed by a coalition of state attorneys general (AGs) led by Missouri, the Department of E ...
Committee for a Responsible Federal Budget12d
Eugene Steuerle: Young Americans Can’t Keep Funding Boomers and Beyond
Steuerle is an Institute fellow and the Richard B. Fisher chair at the Urban Institute, as well as a board member of the ...
Committee for a Responsible Federal Budget3d
Treasury: $1.9 Trillion Deficit in First 11 Months of Fiscal Year
The United States borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, according to the latest ...