Note: This analysis has been updated to incorporate new proposals announced by the candidates since we initially published on October 7.| Committee for a Responsible Federal Budget
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 will need to enact policies to reduce deficits and/or pay for new spending or tax cuts. To help policymakers achieve deficit reduction, the Committee for a Responsible Budget is publishing a series listing policy options to reduce the deficit or use as offsets.| Committee for a Responsible Federal Budget
2025-01-09-According to press| Committee for a Responsible Federal Budget
2025-01-29-The Tax Policy Center (TPC) recently published analyses of several optio| Committee for a Responsible Federal Budget
2024-12-03-Extending the individual and estate provisions from the Tax Cuts and Jobs Act (TCJA) expiring at the end of next year without offsets would add $3.9 trillion ($4.5 trillion with interest) to defici| Committee for a Responsible Federal Budget
2025-02-05-A recent press report indicated that House leadership may be considering a budget resolution that w| Committee for a Responsible Federal Budget
2024-09-06-President Trump recently proposed lowering the corporate tax rate from 21 to 15 percent for corporations that make their products in America.| Committee for a Responsible Federal Budget
2024-09-24-Former President Donald Trump recently proposed eliminating taxes on overtime pay.| Committee for a Responsible Federal Budget
2025-02-04-According to press reports, House lawmakers were recently considering a budget resolution with reco| Committee for a Responsible Federal Budget
2024-06-16-| Committee for a Responsible Federal Budget
2024-07-31-Earlier today, former President Donald Trump suggested eliminating the partial income taxation of Social Security benefits, which currently helps fund the Social Security and Medicare Hospital Insu| Committee for a Responsible Federal Budget
