Opinion
Committee for a Responsible Federal BudgetOpinion

Charitable Deduction Reform Could Raise Revenues and Increase Giving

We estimate reforms to charitable tax deductions could generate $20 billion while increasing giving, or $115 billion with little impact on giving, based on a new s ...
Committee for a Responsible Federal BudgetOpinion

Treasury Confirms $2 Trillion Deficit for Fiscal Year 2026

The United States borrowed $2 trillion in Fiscal Year (FY) 2026, including $27 billion in the month of September, according ...
Committee for a Responsible Federal Budget

High Inflation Drives 3.6% Social Security COLA

Social Security beneficiaries will receive a 3.6% cost-of-living adjustment (COLA) in 2027, based on today’s inflation data. This COLA will be 0.8 percentage points higher than last year’s 2.8% COLA ...
Committee for a Responsible Federal Budget

GAO: Up to $304 Billion in Tax Fraud Annually

Tax fraud costs the federal government between $116 billion and $304 billion each year, according to a recent analysis by t ...
Committee for a Responsible Federal Budget

House Budget Committee Examines 3% Deficit-to-GDP Target

On March 26, 2026, the House Budget Committee held a hearing titled “The Best Metric to Reverse the Curse: A 3% Deficit-to-GDP Path to Fiscal Sustainability.” The discussion centered on how a 3% ...