Chris Towner is the policy director for the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for the Carolina Journal, an excerpt of which is below.

It was a busy year for fiscal policy in 2024, with a big focus on the presidential election. In addition to releasing a few major papers, we also wrote our usual analyses of major budget reports and ...

With the passage of the Social Security Fairness Act and the American Relief Act, Congress and the President approved $1 trillion in new ten-year debt in calendar year 2024 – a reversal from 2023’s $1 ...

John Kasich is a former governor of Ohio, former congressman representing the state, and director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for The Hill, an ...

The $2,000 Child Tax Credit has been the subject of frequent debate and modification. The Build Your Own Child Tax Credit tool allows users to design their own modifications to the child tax credit ...

Previously, on September 18, the House held a vote on a continuing resolution to extend government funding through March 28, 2025. However, that measure failed by a 202-220 vote. The appropriations ...

The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring portions of the 2017 Tax Cuts and Jobs Act (TCJA).

Senate Majority Leader Chuck Schumer (D-NY) announced yesterday that the Senate would vote on the Social Security Fairness Act, which passed the House in November. This bill would repeal the Windfall ...

Despite claims that tax cuts pay for themselves, analyses from across the political spectrum have found that the economic effects of extending the expiring parts of the Tax Cuts and Jobs Act (TCJA) ...

Lawmakers are considering the repeal of Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). Not only would this repeal unfairly expand windfall benefits by ...

The United States borrowed $622 billion in the first two months of Fiscal Year (FY) 2025, including $365 billion in the month of November, according to the latest Monthly Budget Review from the ...

From December 2023 to November 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office's (CBO) Monthly Budget Review. This is a $51 billion ...