Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...

The Congressional Budget Office (CBO) released its first comprehensive estimate of the House’s Fiscal Year (FY) 2025 reconciliation bill – the On ...

The House of Representatives’ Fiscal Year (FY) 2025 reconciliation bill – titled the One Big Beautiful Bill Act of 2025 (OBBBA) – would add ...

Yesterday, the Senate passed by unanimous consent the No Tax on Tips Act, a bill that would create a federal income tax deduction of up to $25,000 a year for cash tips for eligible employees in ...

As lawmakers continue to negotiate new policies and adjustments to the House’s reconciliation bill, the “One Big Beautiful Bill Act,” the list of expected changes appear to be moving the bill i ...

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

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

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

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 ...

Committee for a Responsible Federal Budget President Maya MacGuineas recently joined CBS News' "America Decides" with host Major Garrett to discuss the cycle of the nation's rising debt and deficit ...