The Congressional Budget Office (CBO) released its first comprehensive estimate of the House’s Fiscal Year (FY) 2025 reconciliation bill – the On ...

The House of Representatives passed its Fiscal Year (FY) 2025 budget reconciliation bill, which now moves to the Senate for its consideration.

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...

Yesterday, the Senate passed by unanimous consent the No Tax on Tips Act, a bill that would create a federal income tax deduction of up to $25,000 a year for cash tips for eligible employees in ...

As lawmakers continue to negotiate new policies and adjustments to the House’s reconciliation bill, the “One Big Beautiful Bill Act,” the list of expected changes appear to be moving the bill i ...

The House of Representatives’ Fiscal Year (FY) 2025 reconciliation bill – titled the One Big Beautiful Bill Act of 2025 (OBBBA) – would add ...

Interest costs are projected to approach $1 trillion this year, nearly triple 2020 levels. In light of current interest rates and the ongoing reconciliation negotiations, they are likely to more than ...

As written, the reconciliation bill being considered in the House of Representatives is set to increase the debt by $3.3 trillion between 2025 and 2034 after considering interest costs. This number is ...

Treasury Secretary Scott Bessent has frequently discussed the importance of reducing annual deficits to 3 percent of Gross Domestic Product (GDP) – which would be enough to stabilize and reduce the ...