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Papers

View our recurring reports, which summarize and analyze the most important regular federal budget releases and reports.

Concept_DC_Capitol Building Storm
Jan 10, 2018 | Other Spending

Q&A: Everything You Should Know About Government Shutdowns

This paper has been updated here. As we’ve learned to expect, Congress seems to be waiting until the last minute to address several important fiscal...
Concept_DC_Capitol Building
Jan 4, 2018 | Budgets & Projections

Q&A: Everything You Should Know About the Debt Ceiling

One issue that must be addressed soon is the federal debt ceiling, which was reinstated on December 9, 2017 at almost $20.5 trillion....
Concept_Family With Baby

Budgeting for the Next Generation: A New Series on Children and the Federal Budget

The federal budget is arguably the most comprehensive representation of the federal government’s priorities. Policymakers use the budget to determine...
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Gimmicks to Look Out For in a Spending Deal

With Congress moving toward funding the government for the remainder of fiscal year 2018, pressure is mounting to increase discretionary spending....
Concept_DC_Capitol Building Winter
Dec 12, 2017 | Budgets & Projections

The Year-End Debt Dilemma

As the year comes to a close, lawmakers have a number of legislative deadlines and a variety of issues they need or want to address – many of which...
Concept_Myths
Nov 27, 2017 | Taxes| Economics

Can Tax Reform Generate 0.4% Additional Growth?

Well-crafted tax reform would improve economic growth. While pro-growth tax reform can generate some revenue to the Treasury from the added growth,...
Nov 7, 2017 | Taxes| Economics

Chartbook: Dynamic Scoring and Tax Reform

This presentation covers that tax cuts don't pay for themselves, smart tax reform can generate $300 billion to $400 billion of dynamic revenues (...
Concept_Pen and Calculator
Oct 31, 2017 | Taxes

Five Gimmicks That May Hide the True Costs of Tax Reform

The budget resolution recently passed by Congress sets the stage for fast-track tax reform legislation (a process known as reconciliation) that...
Concept_DC_Capitol Building Storm
Oct 18, 2017 | Budgets & Projections

The FY 2018 Senate Budget and Budget Gimmicks

Note: An amendment was adopted during floor consideration that effects budget gimmicks in the House of Representatives. You can read more on that...
Concept_DC_Capitol Building

A Mini-Bargain to Improve the Budget: An Update

Note: This paper is an update from our August 2017 piece “A Mini-Bargain to Improve the Budget.” It adds a new section on how to pay for disaster...
Concept_calculator
Oct 4, 2017 | Taxes

Tax Cuts Don't Pay For Themselves

While policymakers are gearing up to address tax reform this fall, some have advocated for abandoning true reform and instead focusing solely on tax...
Concept_Debt
Sep 11, 2017 | Budgets & Projections

Q&A: Gross Debt Versus Debt Held by the Public

On September 8, the federal government's gross debt exceeded $20 trillion for the first time. This mark serves as an important reminder of the nation...
Concept_DC_Capitol Building Storm

Q&A: Everything You Should Know About Government Shutdowns

We have updated this document. The most recent version is available here. It’s déjà vu all over again, again – Congress seems to be waiting until...
Concept_DC_Capitol Building
Sep 5, 2017 | Budgets & Projections

Q&A: Everything You Should Know About the Debt Ceiling

This Q&A has been updated. See here for the latest version. One issue that must be addressed this month is the federal debt...
Concept_calculator
Aug 30, 2017 | Taxes

Tax Reform Should Not Add to the Debt – Here's 5 Reasons Why

As lawmakers return from recess and move onto the fall's agenda, tax reform remains the top priority for both Congress and the Administration. The...
Concept_DC_Capitol Building
Aug 10, 2017 | Budget Process

Updated Appropriations 101

Note: We have updated this paper, please see the latest Appropriations 101. What are appropriations? Appropriations are annual decisions made...
Aug 9, 2017 | Budget Process

Letter to Chairman Enzi Encouraging A Current Law Baseline

Below is a letter from CRFB to Senate Budget Committee Chairman Mike Enzi (R-WY) encouraging the committee to use a current law baseline. We...
Concept_House of Representatives
Aug 4, 2017 | Budgets & Projections

The FY 2018 House Budget and Budget Gimmicks

The House Budget Committee recently passed a Fiscal Year (FY) 2018 budget resolution that proposes a path to a balanced budget after ten years...
Concept_DC_Capitol Building
Aug 3, 2017

A Mini-Bargain to Improve the Budget

A new version of this paper exists that was updated to include savings for disaster relief.   The national debt is currently at its...
taxes
Jul 17, 2017 | Taxes

Response to Chairman Hatch’s Call for Feedback on Tax Reform

Below is a statement from CRFB submitted to the Senate Finance Committee in response to Chairman Orrin Hatch's request for feedback on potential tax...

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