by jpitney | Jun 29, 2025 | Debt, Economic Policy
Committee for a Responsible Federal Budget: The Congressional Budget Office (CBO) just published their “current policy” score of the Senate reconciliation bill, showing the bill would add about $500 billion less to the deficit than extending all the expiring 2017 tax...
by jpitney | Jun 18, 2025 | Budget, Debt, Economic Policy
CBO: The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) previously reported that H.R. 1, the One Big Beautiful Bill Act, as passed by the House of Representatives on May 22, would increase the primary deficit by $2.4 trillion over...
by jpitney | Jun 8, 2025 | Debt, Economic Policy
From the Committee for a Responsible Federal Budget:
by jpitney | Dec 6, 2024 | Budget, Congress
Don Wolfensberger: It is difficult, even for budget-savvy folks to follow the rocky road of PAYGO and its many iterations and exemptions. Suffice to say, the best laid plans often go awry. And congressional budgeting has been a big catcher in the awry. What...
by jpitney | Jun 24, 2024 | California Politics, Economic Policy
Reis Thebault at WP: Two years ago, California was so flush that Gov. Gavin Newsom was moved to make a bold declaration about the state’s estimated $100 billion budget surplus.and presidential bona fides…But fast-forward to 2024 and the situation has swung...
