At the same time, the draft would temporarily boost the standard deduction by an additional $1,000 to $2,000 for four years and boost the Child Tax Credit by an additional $500 (from $2,000 to $2,500) ...

The bill was designed with long-time recommendations from the Medicare Payment Advisory Committee (MedPAC) in mind. Specifically, this bill directs the Secretary of Health and Human Services to ...

The federal government spent $2.4 trillion from January through April 2025 – up $166 billion from January through April 2024, according to ...

The federal tax code includes numerous provisions related to energy use and production, provisions which grew dramatically in size and number as a result of the ...

On April 10, following action in the Senate, the House adopted a final concurrent budget resolution setting the stage for work on a future reconciliation bill. This version of the resolution was first ...

The Fiscal Year (FY) 2025 concurrent budget resolution reconciliation instructions would allow the House to add up to $2.8 ...

Thirty-two Members of the House of Representatives sent a letter to House leadership today laying out their conditions for supporting a reconciliation bill, reiterating that it should “adhere to the ...

Accordingly, we are deeply concerned about the direction reconciliation plans are moving in and strongly oppose any approach that would add to the national debt. This is a moment to reduce the debt, ...