This piece was published prior to the Joint Committee on Taxation's revenue estimate, which totals $4.9 trillion for the bill as drafted. The table below has been updated to reflect this estimate.

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) ...

The federal budget deficit totaled $2.0 trillion over the past 12 months based on estimates from the Congressional Budget ...

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 Fiscal Year (FY) 2025 concurrent budget resolution reconciliation instructions would allow the House to add up to $2.8 ...

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

The 10-year Treasury yield today is approaching 4.4 percent, over 50 basis points above the intra-day low a month ago on ...

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 ...

Policymakers are considering an extension of expiring parts of the Tax Cuts and Jobs Act (TCJA) as part of a reconciliation ...

Yesterday the House Education and Workforce Committee released its part of the House reconciliation package, w ...

Thirty-two Members of the House of Representatives sent a letter to House leadership today laying out their conditions for supporting a reconciliation bill, reiterating that it should “adhere to the ...

Accordingly, we are deeply concerned about the direction reconciliation plans are moving in and strongly oppose any approach that would add to the national debt. This is a moment to reduce the debt, ...