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A library of Matthew Dickerson’s research, commentary, testimony, and analysis on federal fiscal policy, budget process, appropriations, tax policy, and economic opportunity.

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Commentary

Substack

The Definitive Congressional Appropriations History Database

Introduces the Definitive Congressional Appropriations History Database and explains its appropriations outcomes, final funding laws, and annual summary tables.

Appropriations Budget Process Reform Continuing Resolution (CR) Discretionary Spending Federal Budget Government Shutdown
Infographics Tables & Charts

Substack

Chart of the Week: Interest Rates Are Running Well Above CBO’s Projections

The 10-year Treasury yield reached 5.18% on September 24, 2026, more than one percentage point above CBO’s projected third-quarter average of 4.16%. Persistently higher interest rates would raise federal borrowing costs; CBO’s rule-of-thumb estimates imply $3.7 trillion in additional deficits over FY 2027–2036 if rates remain one percentage point above baseline.

Debt Deficits Federal Budget Interest Interest Rates
Report

National Taxpayers Union

50 Years of Appropriations Process Dysfunction

Congress has completed all regular appropriations by the start of the fiscal year only four times in the 50 years of the modern budget process. The analysis documents chronic delays, reliance on continuing resolutions and consolidated packages, funding gaps, and the case for modernizing the federal budget process.

Appropriations Budget Process Reform Continuing Resolution (CR) Discretionary Spending Federal Budget Government Shutdown
Infographics Tables & Charts

Substack

Chart of the Week: Social Security Taxes Are Much Higher than What Was Promised

The Social Security payroll tax has risen substantially from its original rate to 12.4 percent of covered earnings today. The chart traces the growth of the employee and employer tax rates and compares the modern tax burden with the program’s original design and early assurances about payroll taxation.

Entitlements Mandatory Spending Social Security Taxes
Infographics Tables & Charts

Substack

Chart of the Week: Major Programs and Interest Costs are Pushing Spending Higher

Federal spending through August FY 2026 increased substantially from the prior year, with Social Security, Medicare, Medicaid, and net interest accounting for much of the growth. The chart illustrates how major mandatory programs and rising interest costs continue to put upward pressure on federal outlays.

Federal Budget FY 2026 Interest Interest Rates Mandatory Spending Spending
Infographics Tables & Charts

Substack

Chart of the Week: 50 Years of “Regular Order” Appropriations: Completes Work On Time Four Times, 210 Continuing Resolutions

Congress has enacted all regular appropriations bills by the fiscal-year deadline only four times since FY1977 and has relied on 210 continuing resolutions. The record shows that chronic delays and CRs are longstanding features of the modern congressional budget process.

Appropriations Budget Process Reform Continuing Resolution (CR) Discretionary Spending Federal Budget
Report

National Taxpayers Union

House FY 2027 Appropriation Bills Include Nearly $14 Billion of Rescissions That Could Be Used for Deficit Reduction

The House’s fiscal year 2027 appropriations bills include 51 rescissions totaling at least $13.7 billion in budget authority. These rescissions cancel previously enacted funding, but, rather than using those savings to reduce the deficit, the cuts are being used as offsets for higher spending elsewhere in the bills.

Discretionary Spending FY 2027 Rescissions
Op-Ed

Wall Street Journal

Stop Delaying SNAP Reform

Congress should strengthen the cost-sharing requirement, not further delay its implementation.

Food Stamps Improper Payments Waste Fraud & Abuse Welfare
Report

National Taxpayers Union

How Congress Should Respond to the Debt Limit

Congress should responsibly increase the debt limit before the Treasury loses the ability to make federal payments on time. But lawmakers should pair that debt limit increase with meaningful reforms to slow the growth of federal spending and put the budget on a more sustainable trajectory.

Debt Debt Limit Mandatory Spending Spending X-Date
Report

National Taxpayers Union

Projecting the Debt Limit

Congress will likely need to increase the national debt limit by New Year’s Day 2028. The federal government is likely to reach the statutory debt limit by May 2027. The X-Date, when the Treasury would no longer have sufficient fiscal resources to make all required payments on time, will likely occur by February 2028.

Debt Debt Limit X-Date
Infographics Tables & Charts

Fiscal Lab on Capitol Hill

The Road to $40 Trillion in Debt

Federal debt is on track to cross $40 trillion. This infographic traces how it got there.

Debt Debt Limit Mandatory Spending Spending
Report

National Taxpayers Union

Farm Bill Should Target Waste, Fraud, and Abuse

The Farm Bill should build on One Big Beautiful Bill, with a focus on addressing waste, fraud, and abuse in federal nutrition programs.

Farm Bill Food Stamps Improper Payments Program Integrity Waste Fraud & Abuse Welfare
Policy Rapid Response

National Taxpayers Union

The Senate CR and the Shutdown Threat

Taxpayers may be concerned that the Senate CR is not a purely “clean” extension of current policy. Allowing unrelated policy demands to ride on must-pass funding legislation would further weaken the taboo against shutdown threats and make future appropriations fights even more difficult.

Appropriations Continuing Resolution (CR) Discretionary Spending FY 2027
Infographics Tables & Charts

Substack

Chart of the Week: 161 Days of Shutdowns

In fiscal year 2026, unprecedented political brinksmanship resulted in 161 total days of full or partial federal government shutdowns before full-year agency funding was finalized in June.

Appropriations Discretionary Spending FY 2026 Government Shutdown
Policy Rapid Response

National Taxpayers Union

Congress Should Use Reconciliation to Crack Down on Food Stamp Waste, Fraud, and Abuse

The Food Stamp program is rife with waste, fraud, and abuse. Congress should use reconciliation to count all Food Stamp fraud, strengthen cost sharing requirements, end incentives for higher error rates, and eliminate the legalized fraud of categorical eligibility.

Food Stamps Reconciliation Spending Waste Fraud & Abuse Welfare
Report

Fiscal Lab on Capitol Hill

Interest Rates Rising Above CBO Projections

Interest rates are rising above the Congressional Budget Office’s baseline projections. Higher interest rates would lead to higher federal spending and deficits.

Congressional Budget Office (CBO) Interest Interest Rates Mandatory Spending Spending
Infographics Tables & Charts

Substack

Chart of the Week: Food Stamp Payment Error Rates

USDA’s FY 2025 SNAP payment error data show high improper payments, weak program integrity, and why states should share costs when error rates exceed 6%.

Farm Bill Food Stamps Program Integrity Waste Fraud & Abuse Welfare
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

The Fiscal State of the Nation Demands Attention

Rising debt, interest costs, and trust fund insolvency show that fiscal sustainability must remain a governing priority.

Debt Debt Limit Deficit Federal Budget Interest Medicare One Big Beautiful Bill Social Security Spending
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

Reaching a 3% of GDP Deficit Target

A 3 percent of GDP deficit target would require sustained spending restraint, not minor adjustments at the margins.

Debt Deficit Federal Budget Spending
EPIC Explainers

Economic Policy Innovation Center (EPIC)

Fiscal Snapshot One Pager

Federal budget trends show spending and debt remain elevated, underscoring the need for disciplined fiscal choices.

Debt Discretionary Spending Economy Federal Budget Spending
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: Food Stamp Categorical Eligibility

Food Stamp categorical eligibility expands benefits beyond normal eligibility rules and should be scrutinized for cost and integrity effects.

Federal Budget Food Stamps Oversight Waste Fraud & Abuse Welfare
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: Final FY 2026 Appropriations Levels

Final FY 2026 appropriations increased or sustained spending in ways that should be measured against transparent alternatives.

Appropriations Congressional Budget Office (CBO) Discretionary Spending FY 2026 Rescissions Spending
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

The Budget Process Can’t Be Overly Prescriptive

Budget process reform should strengthen discipline and accountability without locking Congress into unrealistic procedural straitjackets.

Appropriations Budget Committee Budget Process Reform Mandatory Spending
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

Interest Spending Tracker: Q1 of FY 2026

Rising net interest costs are consuming budget capacity and should be treated as a central fiscal warning signal.

Debt Deficit Federal Budget Interest Interest Rates Spending
Report

Economic Policy Innovation Center (EPIC)

Reviewing President Trump’s 2025 Fiscal Record

President Trump’s 2025 fiscal record should be judged against baseline expectations for revenues, spending, deficits, and debt.

2025 Fiscal Cliff Congressional Budget Office (CBO) Debt Deficit Discretionary Spending Federal Budget FY 2025 Mandatory Spending Spending Taxes
Report

Economic Policy Innovation Center (EPIC)

Transparency Is Necessary to Control Spending

Spending restraint requires better fiscal transparency, including accessible budget data, timely cost estimates, and clearer executive branch reporting.

Budget Committee Budget Process Reform Congressional Budget Office (CBO) Office of Management and Budget (OMB) Transparency Treasury
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: Key Sources of Budget Data

Reliable budget analysis depends on knowing where to find and how to use official federal fiscal data.

Budget Committee Budget Process Reform Congressional Budget Office (CBO) Office of Management and Budget (OMB) Transparency Treasury
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

Social Security Exposes The Flaws In The CBO Baseline

Social Security’s trust fund depletion exposes how CBO baseline conventions can mask legal and fiscal constraints.

Baseline Budget Process Reform Congressional Budget Office (CBO) Federal Budget Mandatory Spending Social Security
EPIC Explainers

Economic Policy Innovation Center (EPIC)

Upcoming Fiscal Policy Inflection Points

Approaching fiscal deadlines create opportunities and risks for Congress on taxes, spending, sequestration, appropriations, and the debt limit.

2025 Fiscal Cliff Appropriations Debt Limit Discretionary Spending Federal Budget FY 2025 FY 2026 Sequestration Spending Tax Cuts and Jobs Act (TCJA) Taxes
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: Food Stamps During a Shutdown

Food Stamp operations during shutdowns depend on funding mechanics that create practical risks for benefits and administration.

Food Stamps FY 2026 Government Shutdown Mandatory Spending Welfare
Infographics Tables & Charts

Economic Policy Innovation Center (EPIC)

Federal Agency Shutdown Plans

Shutdown plans show which federal workers and activities agencies classify as essential, clarifying what actually stops during lapses.

Discretionary Spending Federal Budget FY 2026 Government Shutdown Spending
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

Stop Funding Nonessential Government Employees

Congress should stop automatically paying nonessential federal employees during shutdowns to improve accountability and reduce costs.

Discretionary Spending Employment FY 2026 Government Shutdown Spending Workforce
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: Government Shutdowns

Government shutdowns are driven by appropriations failures, but many services continue under legal exceptions and available funding.

2025 Fiscal Cliff Appropriations Continuing Resolution (CR) Discretionary Spending FY 2026 Government Shutdown
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: FY 2026 Appropriations Levels

FY 2026 appropriations debates should be evaluated against clear toplines, caps, and alternative spending paths.

Appropriations Discretionary Spending Federal Budget FY 2026 Spending
EPIC Explainers

Economic Policy Innovation Center (EPIC)

FAQ: Rescissions and the Deficit

Rescissions reduce deficits only when Congress uses them to cancel budget authority rather than recycle savings elsewhere.

Appropriations Deficit Discretionary Spending Federal Budget FY 2025 FY 2026 Rescissions
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: Pocket Rescissions

Pocket rescissions depend on timing under the Impoundment Control Act and can change Congress’s practical ability to respond.

Discretionary Spending Federal Budget Oversight Rescissions Spending
Report

Economic Policy Innovation Center (EPIC)

Let Biden’s COVID Credits Expire

Congress should allow Biden-era COVID health care credits to expire rather than extend costly Obamacare subsidy expansions.

2025 Fiscal Cliff Biden COVID Credits Healthcare Obamacare Welfare
Infographics Tables & Charts

Economic Policy Innovation Center (EPIC)

Major Wins in the One Big Beautiful Bill

The One Big Beautiful Bill delivered major conservative policy gains across taxes, border security, welfare, energy, and spending.

Border Security Energy Food Stamps Medicaid One Big Beautiful Bill Reconciliation Regulations Spectrum Auctions Spending Taxes
Infographics Tables & Charts

Economic Policy Innovation Center (EPIC)

The Fiscal Effects of the Senate Reconciliation Bill

The Senate reconciliation bill’s fiscal effects should be judged by whether it reduces deficits and restrains spending.

2025 Fiscal Cliff Baseline Debt Deficit Mandatory Spending One Big Beautiful Bill Reconciliation Spending
Infographics Tables & Charts

Economic Policy Innovation Center (EPIC)

Comparing The House And Senate Reconciliation Bills

Differences between House and Senate reconciliation bills reveal important tradeoffs on savings, taxes, welfare, and deficits.

2025 Fiscal Cliff Debt Deficit Federal Budget Mandatory Spending One Big Beautiful Bill Reconciliation
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

RECA Expansion Could Lead to a Looming Cliff

RECA expansion risks creating a future fiscal cliff if temporary spending grows into a larger unresolved commitment.

2025 Fiscal Cliff One Big Beautiful Bill Reconciliation Spending
Testimony

House Committee on Oversight and Government Reform

Testimony by Matthew Dickerson on Locking In the DOGE Cuts

DOGE cuts will not endure unless Congress converts administrative savings into statutory rescissions, reconciliation savings, or reforms.

Department of Government Efficiency (DOGE) Fiscal Space One Big Beautiful Bill Reconciliation Spending
Infographics Tables & Charts

Economic Policy Innovation Center (EPIC)

Fiscal Effects Of The One Big Beautiful Bill

The One Big Beautiful Bill’s fiscal impact depends on whether its spending and tax provisions produce durable savings.

Congressional Budget Office (CBO) Debt Deficit One Big Beautiful Bill Reconciliation Spending Taxes
Infographics Tables & Charts

Economic Policy Innovation Center (EPIC)

The EPIC Medicaid Chartbook

Medicaid data show rising spending, enrollment, and financing problems that should drive welfare reform.

Medicaid Welfare
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

High Tax Salt States Also Subsidized By Medicaid

High-tax states benefit from federal Medicaid subsidies, complicating claims about fairness in SALT and fiscal federalism debates.

Medicaid One Big Beautiful Bill Reconciliation Tax Cuts and Jobs Act (TCJA) Taxes Welfare
Infographics Tables & Charts

Economic Policy Innovation Center (EPIC)

The EPIC Food Stamps Resource

Food Stamp data should guide reform debates on benefits, work, eligibility, spending, and payment integrity.

Farm Bill Food Stamps Reconciliation Welfare
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

1.5 Million Noncitizens Receive Food Stamps

Noncitizen Food Stamp participation raises eligibility, immigration, and program-integrity questions Congress should address.

Border Security Farm Bill Food Stamps Immigration Program Integrity Welfare
Infographics Tables & Charts

Economic Policy Innovation Center (EPIC)

The EPIC Budget Chartbook

Federal budget charts make clear that debt, deficits, interest, and spending are on an unsustainable trajectory.

Baseline Congressional Budget Office (CBO) Debt Deficit Discretionary Spending Federal Budget Mandatory Spending Spending
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

Growing Medicaid Welfare Dependency

Medicaid dependency and costs are rising, increasing pressure for reforms that refocus welfare on the vulnerable.

Medicaid Spending Welfare
FAQs

Economic Policy Innovation Center (EPIC)

EPIC FAQs: Budget Reconciliation

Budget reconciliation is a powerful but rule-bound process for advancing fiscal legislation with privileged Senate treatment.

Budget Resolution Reconciliation Spending
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

How The Budget Baseline Is Biased

The budget baseline is biased when it assumes expiring or unfunded spending continues and grows automatically.

Baseline Budget Process Reform Congressional Budget Office (CBO) Discretionary Spending FY 2026 Spending
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

CBO Sounds The Alarm At The Beginning Of The 2025 Fiscal Cliff

CBO’s early 2025 baseline showed the fiscal cliff was arriving amid rising debt, spending, and expiring tax policy.

2025 Fiscal Cliff Baseline Congressional Budget Office (CBO) Debt Federal Budget FY 2025 FY 2026 Mandatory Spending Spending
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: The 2025 Fiscal Cliff

The 2025 fiscal cliff combines tax expirations, spending caps, sequestration, debt limit pressure, and major program deadlines.

2025 Fiscal Cliff Debt Debt Limit Discretionary Spending Economy Farm Bill Federal Budget Food Stamps FY 2025 FY 2026 Sequestration Spending Tax Cuts and Jobs Act (TCJA)
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

Border Security Committees Include Welfare Committees

Border security reconciliation can involve welfare committees because immigration status and benefit eligibility affect federal spending.

Border Security Budget Resolution Food Stamps Immigration Reconciliation Welfare
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

Billions Of Government Benefits For Illegal Aliens

Federal benefits for illegal aliens create budgetary and welfare-policy issues that Congress can address through reconciliation.

Border Security Food Stamps Immigration Reconciliation Spending Welfare
Infographics Tables & Charts

Economic Policy Innovation Center (EPIC)

The Reconciliation Process in the Senate

The Senate reconciliation process gives major fiscal legislation special protections but also exposes it to Byrd Rule limits.

2025 Fiscal Cliff Budget Committee Budget Process Reform Reconciliation
Report

Economic Policy Innovation Center (EPIC)

IRS Enforcement Spending Has Not Reduced the Deficit

Expanded IRS enforcement funding has not delivered the deficit reduction that supporters projected.

Congressional Budget Office (CBO) Internal Revenue Service (IRS) Oversight Program Integrity Slush Fund Taxes Treasury
Report

Economic Policy Innovation Center (EPIC)

The Biden-Harris Spending Binge

The Biden-Harris fiscal record shows spending rose faster than revenues, leaving higher deficits and debt.

Bidenomics Congressional Budget Office (CBO) Debt Deficit Federal Budget Spending
EPIC Explainers

Economic Policy Innovation Center (EPIC)

Understanding the Byrd Rule

The Byrd Rule limits reconciliation to provisions with sufficient budgetary effects and shapes what can survive in the Senate.

Budget Committee Budget Process Reform Budget Resolution Byrd Rule Federal Budget Reconciliation
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: Statutory PAYGO

Statutory PAYGO can force sequestration unless Congress waives it, making waivers a major deficit policy choice.

Debt Deficit Federal Budget Office of Management and Budget (OMB) Omnibus Bill Sequestration Spending
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

A Call for Increased Transparency in Budget Reform

Budget reform must make fiscal tradeoffs more visible to lawmakers and the public.

Baseline Budget Process Reform Congressional Budget Office (CBO) Mandatory Spending Office of Management and Budget (OMB) Spending
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

A Call for Improved Scorekeeping in Budget Reform

Better scorekeeping would make cost estimates more useful, realistic, and transparent for congressional decision-making.

Appropriations Baseline Budget Process Reform Congressional Budget Office (CBO) Discretionary Spending Spending
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: The Corporate Income Tax

The corporate income tax ultimately affects workers, investment, and competitiveness, not only corporations.

Corporate Tax Economy Income Tax Cuts and Jobs Act (TCJA) Taxes Wages
Report

Economic Policy Innovation Center (EPIC)

Statutory PAYGO Is Coming

Statutory PAYGO enforcement creates leverage for spending restraint if Congress refuses to waive scheduled cuts.

Debt Deficit Federal Budget Omnibus Bill Sequestration Spending
Report

Economic Policy Innovation Center (EPIC)

MYTH VS. FACT: Fixing the Budget Baseline

Common objections to baseline reform overlook how current rules hide the cost of keeping spending high.

Baseline Budget Process Reform Congressional Budget Office (CBO) Discretionary Spending Federal Budget Spending
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

CBO June 2024 Baseline Sounds the Alarm

CBO’s June 2024 baseline showed deficits, debt, interest costs, and spending moving in the wrong direction.

2025 Fiscal Cliff Baseline Congressional Budget Office (CBO) Discretionary Spending Federal Budget
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: FY 2025 Discretionary Toplines

FY 2025 discretionary toplines depend on caps, side agreements, and enforcement rules that Congress must understand.

Appropriations Discretionary Spending Federal Budget Fiscal Responsibility Act (FRA) FY 2025
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: Reconciliation

Reconciliation is a budget process tool for moving major fiscal policy with expedited Senate consideration.

Byrd Rule Federal Budget Reconciliation Spending
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

Do Food Stamp Recipients Work?

Employment patterns among Food Stamp recipients should inform reforms that reconnect benefits with work and opportunity.

Discretionary Spending Food Stamps Program Integrity Spending Welfare
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

Food Stamp Spending is Skyrocketing

Food Stamp spending has surged because of policy choices that expanded benefits and participation.

Discretionary Spending Food Stamps Program Integrity Spending Welfare
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

Here is What Food Stamp Recipients Buy

Food Stamp purchase data should inform debates over nutrition standards, benefit design, and program integrity.

Discretionary Spending Food Stamps Program Integrity Spending Welfare
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

Food Stamp Enrollment has Surged

Surging Food Stamp enrollment reflects broader eligibility and benefit trends that increase fiscal and welfare-policy pressure.

Discretionary Spending Food Stamps Program Integrity Spending Welfare
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

Billions Wasted on Food Stamp Improper Payments

Food Stamp improper payments waste billions and show why program integrity must be central to reform.

Discretionary Spending Food Stamps Program Integrity Spending Waste Fraud & Abuse Welfare
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

These States Have High Food Stamp Payment Errors

States with high Food Stamp error rates should face stronger accountability for payment accuracy and oversight.

Discretionary Spending Food Stamps Program Integrity Spending Waste Fraud & Abuse Welfare
Infographics Tables & Charts

Economic Policy Innovation Center (EPIC)

The Food Stamp Chartbook

Food Stamp charts show the program’s growth, work gaps, eligibility looseness, and improper payment problems.

Discretionary Spending Food Stamps Program Integrity Spending Welfare
Report

Economic Policy Innovation Center (EPIC)

EPIC Report: Food Stamps: A Culture of Dependency

Food Stamps should be reformed to reduce dependency, promote work, and strengthen program integrity.

Consumer Price Index (CPI) Discretionary Spending Farm Bill Food Stamps Omnibus Bill Program Integrity Spending Waste Fraud & Abuse Welfare
Report

Economic Policy Innovation Center (EPIC)

Biden’s Unilateral Food Stamp Increase

Biden’s unilateral Food Stamp increase raised legal, budgetary, and welfare-policy concerns that Congress should address.

Consumer Price Index (CPI) Discretionary Spending Farm Bill Food Stamps Spending
EPIC Explainers

Economic Policy Innovation Center (EPIC)

EPIC EXPLAINER: The Debt Limit

The debt limit is a legal borrowing cap that creates fiscal pressure when debt approaches the limit.

2025 Fiscal Cliff Debt Debt Limit Spending
Report

Economic Policy Innovation Center (EPIC)

Strengthening the Congressional Budget Office

CBO should be strengthened through reforms that improve transparency, accountability, responsiveness, and usefulness to Congress.

Baseline Budget Process Reform Congressional Budget Office (CBO)
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

IRS Enhanced Enforcement Falling Short of Projections

IRS enforcement funding has fallen short of projected collections, weakening claims that it meaningfully reduces deficits.

Bidenomics Congressional Budget Office (CBO) Discretionary Spending Internal Revenue Service (IRS) Slush Fund Taxes
Policy Rapid Response

Economic Policy Innovation Center (EPIC)

What’s Actually in the Spending Deal

The FY 2024 spending deal should be judged by its actual effect on caps, offsets, and spending levels.

Appropriations COVID-19 Discretionary Spending Federal Budget Spending
Report

Economic Policy Innovation Center (EPIC)

The Myth of the Current Law Baseline

CBO’s current-law baseline is not neutral when it assumes expiring spending continues and obscures policy choices.

Baseline Budget Process Reform Congressional Budget Office (CBO)
Report

Heritage Foundation

Budget Blueprint for Fiscal Year 2023

Heritage’s FY 2023 blueprint proposed reforms to reduce spending, improve taxes, and restore long-term fiscal sustainability.

Debt Federal Budget FY 2023 Mandatory Spending Discretionary Spending Spending Tax Reform