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

Taken together, the two bills are likely to add trillions of dollars to the debt and set the stage for hundreds of billions or trillions more if expiring provisions are extended.

Committee recently released its proposed reconciliation legislation, which is expected to save over $900 billion through 2034 to help finance the broader reconciliation bill. In a separate piece we ...

On April 10, following action in the Senate, the House adopted a final concurrent budget resolution setting the stage for work on a future reconciliation bill. This version of the resolution was first ...

In the coming weeks, various authorizing committees in the House of Representatives will begin marking up legislation to meet their respective reconciliation instructions from the Fiscal Year 2025 ...

At the same time, the draft would temporarily boost the standard deduction by an additional $1,000 to $2,000 for four years and boost the Child Tax Credit by an additional $500 (from $2,000 to $2,500) ...

Sources: Committee for a Responsible Federal Budget estimates, Congressional Budget Office, Tax Policy Center, Ways & Means Committee, Joint Committee on Taxation. Estimates are rough and rounded to ...

The bill was designed with long-time recommendations from the Medicare Payment Advisory Committee (MedPAC) in mind. Specifically, this bill directs the Secretary of Health and Human Services to ...

The federal government spent $2.4 trillion from January through April 2025 – up $166 billion from January through April 2024, according to ...

The federal tax code includes numerous provisions related to energy use and production, provisions which grew dramatically in size and number as a result of the ...