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The below tool was created prior to the permanent extension of the expiring Tax Cuts and Jobs Act provisions as enacted by the One Big Beautiful Bill Act; its calculations are now out of date. We plan to update this tool in the future.| Committee for a Responsible Federal Budget
2025-05-05-The Ways and Means Committee has jurisdiction over nearly $50 trillion of spending and tax breaks that can be tapped for reconciliation, including from Me| Committee for a Responsible Federal Budget
2025-04-21-The Congressional Budget Office (CBO) recently found that extending the 2017 Tax Cuts and Jobs Act (TCJA) and adding $1.5 trillion in additional| Committee for a Responsible Federal Budget
2025-04-11-Congress’ concurrent budget resolution includes reconciliation instructions to allow lawmakers to pass a bill that a| Committee for a Responsible Federal Budget
2025-05-06-The 10-year Treasury yield today is approaching 4.4 percent, over 50 basis points above the intra-day low a month ago on April 7, more than twice as high as early 2022 and 30 basis points more than| Committee for a Responsible Federal Budget
2025-06-04-Note: (06/23/2025) Some categorizations and numbers in the Ways and Means' section of the table below have been updated to more accurately reflect the bill's potential impact.| 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
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
2025-02-06-In a closed-door meeting with House Leadership today President Trump reportedly outlined his tax priorities.| Committee for a Responsible Federal Budget
