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All Topics

Budget Reconciliation

Ongoing analysis of the budget process in Congress.

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Scores
Long-term Impacts of the One Big Beautiful Bill Act
US Capitol and Treasury Exterior
Scores
The Financial Cost of the House-Passed Budget Bill
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Scores
Distributional Effects of Selected Provisions of the House Reconciliation Bill (Preliminary)
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Scores
Budgetary Effects of the May 2025 Tax Bill (Preliminary)
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Analysis
Illustrative Distributional Effects of Policies Consistent with the House Concurrent Budget Resolution for Fiscal Year 2025
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Scores
Full Extension: Conventional Revenue Score
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Analysis
How Would TCJA Reform Affect Inequality?

Full TCJA extension would cut taxes for all income groups on average, but a small share of families would pay more in taxes.
TCJA Interactive Chart
Interactives
TCJA Extension Simulator

Our interactive tool allows you to see the budgetary and distributional impact of extending or modifying each provision of the law.
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Scores
How Does Macroeconomic Feedback Affect Our Revenue Scores?

Dynamic revenue estimates of all three scenarios
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Analysis
How Would Reforms Affect Employment And Children’s Economic Outcomes?

The TCJA changed work incentives and added to the take-home incomes of families, potentially affecting employment and long-term earnings of children.
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Analysis
How Would Reforms Affect the U.S. Economy?

Full TCJA extension would increase deficits. What that means for the US economy depends on how the Federal Reserve responds.
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Scores
The Impact of TCJA Reform on the Federal Budget