With the passage of the One Big Beautiful Bill Act (OBBBA), Congress has wrapped up this year’s budget reconciliation process. That landmark legislation added $4.1 trillion to federal deficits (including interest), underscoring just how powerful—yet risky—the reconciliation tool can be.…
The following is a guest essay written by economist Adam Michel, PhD. He is the Director of Tax Policy Studies at the Cato Institute and previously served as Deputy Director of the US Congress Joint Economic Committee. Follow and subscribe…
In an era where partisan rhetoric too often outshouts prudent policy, the integrity of Congress’s internal referees—the Government Accountability Office (GAO) and the Congressional Budget Office (CBO)—has never been more essential. Yet these two cornerstone institutions are increasingly under fire,…
By Bob Bixby, Host, Facing the Future Click here to listen to the episode now This week on Facing the Future, Jim Capretta of the American Enterprise Institute digs into the 2025 Medicare Trustees Report and explains why federal budget rules…
Concord Action welcomes a variety of viewpoints on issues related to the long-term fiscal health of the nation. The following is a guest essay written by economist Diane Lim who was most recently the Director of the Equity Hub at the U.S.…
If the House-passed $9.4 billion dollar rescissions package canceling funding for foreign aid and public broadcasting is approved by the Senate, it will mark the first time in a quarter century that a President has successfully rescinded funds through the…
In response to the House passing the One Big Beautiful Bill Act, Carolyn Bordeaux, Executive Director of Concord Action, released the following statement: By passing the One Big Beautiful Bill Act, the most expensive bill in decades, Congress has put…
As Congress pushes forward with the One Big Beautiful Bill Act (OBBBA), the numbers tell a troubling tale: the legislation keeps getting more expensive, even as the national debt spirals into uncharted territory. Comparison of House and Senate Versions of…
In the latest twist of fiscal illusionism, Senate Republicans have deployed a controversial accounting maneuver to make their reconciliation bill appear far less costly than it truly is. At the heart of the deception is the use of a “current…
In response to the Senate passage of the One Big Beautiful Bill Act, Concord Action Executive Director Carolyn Bourdeaux released the following statement: “The Senate-passed One Big Beautiful Bill Act will drive up our national debt by trillions and risks…
In response to the Senate’s vote that the current policy baseline can be used to score extending tax cuts as deficit-neutral, Carolyn Bourdeaux, Executive Director of Concord Action, released the following statement: “As the Senate continues to push forward their version…
In response to the Senate preparing to move forward with a vote on the OBBBA, Carolyn Bourdeaux, Executive Director of Concord Action, released the following statement: “The Senate seems intent on pushing forward with this version of the One Big…
