The Next Fiscal Cliff: Big Tax Decisions to Make in 2025
Some TCJA provisions were made temporary to limit the negative fiscal impact of the 2017 bill. It sets up a significant decision point for policymakers next year.
Read MoreThe Fed Reduced the Short-Term Rate Again, but Interest Costs Remain High
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.
Read MoreHow Do We Tax the Top 1% — And What That Means for the Federal Budget
The top 1 percent pay a significant share of all federal taxes, while also benefitting disproportionately from preferential tax treatment.
Read MoreThe Debt Ceiling Will Be Reinstated on January 1 — Here’s What’s at Stake
One of the first, and most consequential, decisions facing newly elected lawmakers will be what to do with the debt ceiling.
Read MoreHow Does the Federal Government Subsidize Healthcare Under the ACA — and What Does It Cost?
In 2025, the expansions of the premium tax credit under the Affordable Care Act will expire, and lawmakers will have to decide whether to extend them.
Read MoreThe Cost of Doing Nothing About Social Security
Any change to Social Security will impact how Americans approach retirement decisions, but the costliest choice would be doing nothing.
Read MoreWhat is Stepped-Up Basis on Capital Gains and How Does It Affect the Federal Budget?
The step-up in basis is a provision in tax law that relates to how assets — such as stocks, bonds, or real estate — are valued and taxed after their owner passes away.
Read MoreHow Much Government Spending Goes to Children?
Interest costs on the national debt are expected to rapidly outstrip spending on children in coming years.
Read MoreWhat Is the Disaster Relief Fund?
Climate and weather-related natural disasters are becoming increasingly frequent, endangering lives and extracting a significant fiscal and economic cost.
Read MoreWhat Is Budget Reconciliation?
With narrow majorities in both Houses of Congress, Republicans are expected to make use of the budget reconciliation process to advance key pieces of their agenda.
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