Permanent Ways & Means Bill Could Add $5.3 Trillion to Deficits-2025-05-13
2025-05-13-The House Ways & Means Committee is set to| Committee for a Responsible Federal Budget
2025-05-13-The House Ways & Means Committee is set to| Committee for a Responsible Federal Budget
The Senate Budget Committee released a draft am| Committee for a Responsible Federal Budget
2025-08-20-The enactment of the| Committee for a Responsible Federal Budget
2023-08-16-In a video published to his campaign website on June 20, 2023, former President Donald Trump declared he would use “impoundment” authority to reduce federal spending.| Committee for a Responsible Federal Budget
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of the expiring Tax Cuts and Jobs Act provisions as enacted by the One Big Beautiful Bill Act; its calculations are now out of date.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
The Committee for a Responsible Federal Budget is a nonpartisan, non-profit organization committed to educating the public on issues with significant fiscal policy impact.| Committee for a Responsible Federal Budget
2025-07-15-The recently enacted| Committee for a Responsible Federal Budget
2025-05-27-Updated 3/28/2025: The President signed a continuing resolution (H.R. 1968) on March 15, 2025, that runs through September 30, 2025.| Committee for a Responsible Federal Budget
2025-06-27-The| Committee for a Responsible Federal Budget
2025-02-05-The Pell Grants program is now expected to run out of reserves by the end of this year and is expected to face a $71 billion to $111 billion ten-year shor| Committee for a Responsible Federal Budget
The Health Savers Initiative is a collaborative project of the Committee for a Responsible Federal Budget, Arnold Ventures, and West Health which works to identify bold and concrete policy proposals to make health care more affordable.| Committee for a Responsible Federal Budget
The Medicare Advantage (MA) program, which allows Medicare beneficiaries to enroll in federally-funded private health insurance plans, is an increasingly popular alternative to traditional fee-for-| Committee for a Responsible Federal Budget
2023-02-28-Although politicians often speak of wanting to target “waste, fraud, and abuse” in gov| Committee for a Responsible Federal Budget
2025-05-21-The Congressional Budget Office (CBO) released its first comprehensive estimate of the House’s Fiscal Year (FY) 2025 reconciliation bill – the On| Committee for a Responsible Federal Budget
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
2025-05-10-Update (5/10/2025): This piece was published prior to the Joint Committee on Taxation's revenue estimate| 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
The White House released its Fiscal Year (FY) 2025 budget proposal today, outlining President Biden’s tax and s| Committee for a Responsible Federal Budget
Oct 25, 2024| 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
2024-08-16-Vice President Kamala Harris released a document today – the Agenda to| Committee for a Responsible Federal Budget
2024-08-12-This past weekend, Vice President Kamala Harris announced that, if elected President, she would seek to exempt tip income from federal income taxes and raise the federal minimum wage.| Committee for a Responsible Federal Budget
2023-07-17-Update 2/2/24: We have updated our estimate for MA overpayments due to new research into coding intensity and favorable selection from| Committee for a Responsible Federal Budget
