The next few years will include several predictable fiscal policy deadlines that will force congressional action. Many of the deadlines could bring additional costs if Congress acts irresponsibly, or ...

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

The Congressional Budget Office (CBO) recently found that extending the 2017 Tax Cuts and Jobs Act (TCJA) and adding $1.5 trillion in additional tax ...

On May 18, the House Budget Committee held a second markup of the reconciliation package, advancing the measure by a vote of 17 to 16, with four members voting "present." This came after the committee ...

Updated 5/22/25: The House passed the reconciliation package, officially titled the "One Big Beautiful Bill Act," on May 22 by a vote of 215 to 214. The bill will now head to the Senate. On May 18 ...

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners. Further increasing the cap above the House reconciliation bill proposal – a $30,000 ...

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

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 ...