What Is the Farm Bill, and Why Does It Matter for the Federal Budget?
The Farm Bill provides an opportunity for policymakers to comprehensively address agricultural, food, conservation, and other issues.
Read MoreShould the U.S. Change the Corporate Tax Rate in 2025?
Here’s why lawmakers lowered the corporate tax rate in 2017, how the lower rate impacted the U.S., and how the rate might be reformed in 2025.
Read MoreTax Cuts Then and Now: The Debt Is Much Higher
The United States was in a more sustainable fiscal position when lawmakers previously enacted tax cuts.
Read MoreLawmakers are Running Out of Time to Fix Social Security
Without reform, the combined Social Security trust funds will be depleted in 2035.
Read MoreContinuing Resolutions Are Stopgap Measures — But Now We Average Five a Year
While continuing resolutions can help avoid government shutdowns, they should be rarely used. However, CRs have become the norm.
Read MoreWhat Is a Continuing Resolution?
A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.
Read MoreThe Next Fiscal Cliff: Big Tax Decisions to Make in 2025
Some TCJA provisions were made temporary to limit the negative fiscal impact of the 2017 bill. It sets up a significant decision point for policymakers next year.
Read MoreThe Debt Ceiling Will Be Reinstated on January 1 — Here’s What’s at Stake
One of the first, and most consequential, decisions facing newly elected lawmakers will be what to do with the debt ceiling.
Read MoreHow Does the Federal Government Subsidize Healthcare Under the ACA — and What Does It Cost?
In 2025, the expansions of the premium tax credit under the Affordable Care Act will expire, and lawmakers will have to decide whether to extend them.
Read MoreWhat is Stepped-Up Basis on Capital Gains and How Does It Affect the Federal Budget?
The step-up in basis is a provision in tax law that relates to how assets — such as stocks, bonds, or real estate — are valued and taxed after their owner passes away.
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