Under current law through 2025, $1,700 of the $2,000 child tax credit can be "refundable," meaning it can be issued as a refund to those with no tax liability. The credit phases in by 15 percent of ...

Previously, on September 18, the House held a vote on a continuing resolution to extend government funding through March 28, 2025. However, that measure failed by a 202-220 vote. The appropriations ...

Currently, the federal government generally relies on the Consumer Price Index (CPI) to index provisions of the budget and tax code to account for cost-of-living changes. However, this measure ...

With the national debt on course to exceed its record as a share of the economy in the next two years, interest payments on the debt surging, and major trust funds approaching insolvency, policymakers ...

With the passage of the Fairness Act and the American Relief Act, Congress and the President approved $1 trillion in new ten-year debt in calendar year 2024 – a reversal from 20 ...

The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring portions of the 2017 Tax Cuts and Jobs Act (TCJA).

Senate Majority Leader Chuck Schumer (D-NY) announced yesterday that the Senate would vote on the Social Security Fairness Act, which passed the House in November. This bill would repeal the Windfall ...

The “Earned Income Tax Credit” is paid out to working families with low to moderate incomes. A family with more children receives a larger credit. The Earned Income Tax Credit is listed as both a ...

John Kasich is a former governor of Ohio, former congressman representing the state, and director at the Committee for a Responsible Federal Budget.

On Tuesday, December 10, 2024, the Committee for a Responsible Federal Budget hosted more than 130 people at an in-person ...

Maya MacGuineas is the President of the Committee for a Responsible Federal Budget. Her areas of expertise include budget, tax, and economic policy. Through the Committee’s project, FixUS, she also ...