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Jan 23, 2024
How Would the Tax Relief for American Families and Workers Act Change Federal Tax Law?
The Tax Relief for American Families and Workers Act is estimated to cost about $400 million over 10 years.
Jan 17, 2025
National Debt on Track to Reach Record High in Just Four Years
CBO’s latest projections come at a key time, as lawmakers will be faced with a range of critical fiscal decision points in the coming year. Here are seven takeaways from the report.
Feb 25, 2025
Should the U.S. Change the Corporate Tax Rate in 2025?
Here’s why lawmakers lowered the corporate tax rate in 2017, how the lower rate impacted the U.S., and how the rate might be reformed in 2025.
Mar 27, 2018
Budget Process Reform: What Are Budget Caps?
Here’s some background on the origin of caps on appropriations, also known as “discretionary caps,” and the recent history of those caps.
Jan 2, 2019
Can a New Congress — and a Divided Government — Make Progress on Fiscal Challenges?
A divided government means there is both a requirement and a valuable opportunity for lawmakers to work together on fiscal solutions.
Apr 6, 2023
Five Different Ways of Raising Taxes on the Wealthiest Americans
Many options exist to reduce the imbalance between spending and revenues, including additional taxes on wealthier Americans.
May 25, 2022
Interest Costs Rise Sharply in Latest CBO Report
While this year’s deficit looks much better primarily due to the expiration of pandemic relief programs, CBO projects that the deficit will soon begin to climb again.
Jan 27, 2022
The U.S. Economy Grew at Its Fastest Rate Since 1984
The strong rebound in 2021 was partially due to the high economic growth experienced in the fourth quarter.
Feb 21, 2024
Budget Basics: What Is the Earned Income Tax Credit?
The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.
Jul 14, 2025
What Are Interest Costs on the National Debt?
Interest costs are on track to become the largest category of spending in the federal budget.