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Budget Reconciliation

Ongoing analysis of the budget process in Congress.

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Reports
Tax Cuts and Jobs Act Expiration: Options for the Tax Code

Most individual income tax provisions of the Tax Cuts and Jobs Act (TCJA) expire at the end of 2025. This report analyzes three options for tax reform surrounding expiration, highlighting the tradeoffs policymakers face.
Default Publication
Scores
Clausing-Sarin: Conventional Revenue Score
Tax Form 1040
Analysis
How Would TCJA Reforms Affect the Time Burden of Filing Taxes?

By changing the number of forms most filers must complete, TCJA extension would reduce the time it takes to file taxes.
Default Publication
Scores
How Does Microeconomic Feedback Affect Our Revenue Scores?

Partially dynamic revenue estimates of all three scenarios.
Default Publication
Scores
Partial Extension: Conventional Revenue Score