Committee for a Responsible Federal Budget

Budgets & Projections

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Better Targeting in Reconciliation

As lawmakers negotiate the details of their reconciliation package , they will need to scale back some of their ambitions to prevent arbitrary policy...

Ways and Means Proposes $1.3 Trillion of Tax Breaks, $2.3 Trillion of Tax Hikes

UPDATE (9/13/2021): The Joint Committee on Taxation has released a full score of the revenue proposals, including the revenue-raising items. The...

CBO Reports $173 Billion Deficit for August

The United States borrowed over $2.7 trillion in the first 11 months of fiscal year 2021, including $173 billion in August, according to the latest...

Responsibly Raising the Debt Limit

Yesterday, Treasury Secretary Janet Yellen warned Congress that the Treasury is likely to run out of extraordinary measures in October. Without...

FY 2022 Reconciliation Tracker

Last Updated: 9/15/2021 Budget reconciliation is underway ( read more about the full process here ), with House and Senate lawmakers crafting a...

Representatives Murphy and Cuellar Push for Fiscally Responsible Reconciliation

Representatives Stephanie Murphy (D-FL) and Henry Cuellar (D-TX) recently sent a letter to House majority leadership outlining principles for the...

Keeping Offsets on the Table

As lawmakers work to put together a reconciliation package that could include up to $3.5 trillion of gross spending and tax breaks, resistance has...

Biden Administration’s SNAP Increase Could Add $180 Billion to Deficits

The U.S. Department of Agriculture (USDA) recently announced it will be revising the Thrifty Food Plan (TFP), used for the calculation of...

House Should Not Authorize Trillions of Borrowing

The House is expected to vote this week on a Senate-passed budget resolution for Fiscal Year 2022 that would allow up to $1.75 trillion of borrowing...