While lawmakers can still pass debt-financed tax cuts and mandatory spending increases under statutory PAYGO, the law requires them to review these decisions and ensure that they are not ...
The appropriations process for Fiscal Year (FY) 2025 has begun, with action in both the House of Representatives and the Senate. The Fiscal Responsibility Act (FRA) caps total base discretionary ...
In 2025, large parts of the 2017 Tax Cuts & Jobs Act (TCJA) are scheduled to expire. Extending the expiring individual and estate tax provisions alone would increase primary deficits by $3.9 trillion ...
Former President Donald Trump recently proposed eliminating taxes on overtime pay. On a static basis, we estimate ending taxes on all overtime pay would reduce revenue by $1.7 trillion from Fiscal ...
Discretionary funding for Fiscal Year (FY) 2024 will expire on September 30, and Congress has so far enacted zero of the 12 full-year appropriations bills to fund the government for FY 2025.