Feb 15, 2022 | Taxes
Gas Tax Holiday Would Take A Wrong Turn
The White House and some in Congress are reportedly considering suspending the 18.3 cent federal gas tax for the remainder of 2022. The...
Press Releases |
Feb 8, 2022 | Budget Process
Third CR Emblematic of Broken Budget Process
The House of Representatives just passed a continuing resolution (CR) funding the government at last fiscal year’s funding levels for an additional...
Feb 8, 2022 | Budgets & Projections
CBO Reports $259 Billion Deficit for First 4 Months of Fiscal Year
The United States borrowed $259 billion in the first four months of fiscal year 2022, with a $119 billion surplus in January, according to the...
Feb 3, 2022 | Other Spending
COMPETES Act is Missing a Score and Offsets
The House of Representatives is set to vote on the America COMPETES Act of 2022 soon, which is its version of the Senate-passed United States...
Feb 2, 2022 | Budgets & Projections
A Smaller Reconciliation Bill Should Retain Offsets
Policymakers are currently considering if and how to develop new legislation, in place of the House Build Back Better Act, under the...
Jan 11, 2022 | Other Spending
New COVID Wave Does Not Justify Further Borrowing
As the Omicron variant of COVID-19 continues to spread through the United States, press reports suggest policymakers are considering...
Jan 10, 2022 | Budgets & Projections
U.S. Borrowed $2.6 Trillion in Calendar Year 2021
The United States borrowed nearly $2.6 trillion in calendar year 2021, including $20 billion in December, according to the latest...
Dec 16, 2021 | Budget Process
Statement on $2.5 Trillion Debt Ceiling Increase
Today, President Biden signed into law a $2.5 trillion increase in the ceiling on federal debt. This increase will raise the total debt ceiling to $...
Dec 10, 2021 | Budgets & Projections
CBO Analysis Highlights Risk of Arbitrary Expirations
The House-passed Build Back Better Act incorporates numerous arbitrary sunsets in order to hold down its costs. Today, the Congressional Budget...
December Sequester Suspension Misses the Mark
For Immediate Release
Congress is considering legislation that will cancel the PAYGO sequester for 2022, extend temporary COVID-era Medicare payment...