Here’s How No Tax on Overtime Would Affect Federal Revenues and Tax Fairness
Excluding overtime pay from federal taxes would meaningfully worsen the fiscal outlook, while most of the tax benefits would go to the top 20% of taxpayers.
Read MoreA Bipartisan Roadmap for Social Security Reform
Lawmakers are running out of time before automatic reductions to benefits are activated; the Brookings Institution plan is a valuable contribution to the policy discussion.
Read MoreNo Taxes on Tips Would Drive Deficits Higher
Eliminating taxes on tips would increase deficits by at least $100 billion over 10 years. It could also could turn out to be a bad deal for many workers.
Read MoreU.S. Population Growth Is Slowing Down — Here’s What That Means for the Federal Budget
Understanding how demographic challenges contribute to the United States’ fiscal challenges can help policymakers adopt fiscally sustainable policies.
Read MoreCan a Rescissions Package Help Lawmakers Formalize DOGE Cuts?
Rescission packages can serve as a tool for the President and Congress to manage and control government spending through a formal statutory process.
Read MoreFull Array of Republican Tax Cuts Could Add $9 Trillion to the National Debt
Fully extending the TCJA would cost approximately $5.0 trillion, while other elements of the Republican tax agenda also have large price tags over ten years.
Read MoreWhat Is a Continuing Resolution?
A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.
Read MoreContinuing Resolutions Are Stopgap Measures — But Now We Average Five a Year
While continuing resolutions can help avoid government shutdowns, they should be rarely used. However, CRs have become the norm.
Read MoreUnderstanding the Federal Budget
The federal budget is more than just a set of numbers. Learn about revenues, spending, and the budget process.
Read MoreWhy Do Budget Baselines Matter?
Applying the current-policy baseline would not only be fiscally irresponsible in terms of this year’s tax debate, but it would set a dangerous precedent for the future.
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