Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...

Yesterday, the Senate passed by unanimous consent the No Tax on Tips Act, a bill that would create a federal income tax deduction of up to $25,000 a year for cash tips for eligible employees in ...

The Congressional Budget Office (CBO) released its first comprehensive estimate of the House’s Fiscal Year (FY) 2025 reconciliation bill – the On ...

As written, the reconciliation bill being considered in the House of Representatives is set to increase the debt by $3.3 ...

In 2027, we estimate the House reconciliation bill would boost deficits to about 7.0 percent of GDP, which is more than ...

Already in 2024, spending on net interest surpassed all spending on Medicare and defense. With higher rates and debt, its ...

The House is continuing to mark up its reconciliation legislation, which we estimate would add $3.3 trillion to the debt ...

As the House considers a reconciliation package that is shaping up to add $3.3 trillion to the debt over a decade as writte ...

The House of Representatives may vote on the reconciliation package, or the “One, Big, Beautiful Bill Act” (OBBBA), this week.

Limiting the SALT cap to a low level and including an upper-income limit would limit revenue loss and maintain progressivity.

The developing House reconciliation bill is shaping up to add roughly $3.3 trillion to the debt through Fiscal Year (FY) 2034 and is setting the stage for more than $5.2 tr ...

The Ways & Means bill contains numerous new tax cuts and breaks, most of which would expire after 2028. These tax breaks as written would increase deficits by $660 billion; however, if they are ...