Tim Penny is a former Congressman from Minnesota and a Co-Chair of the Committee for a Responsible Federal Budget.

About half of all U.S. hospitals are designated as “charitable” nonprofit institutions by the Internal Revenue Service (IRS).

Time is running out to save the Social Security retirement trust fund from insolvency in less than six years and ...

As the national debt continues to climb toward record levels – totaling 100% of Gross Domestic Product (GDP) at the end of Fiscal Year (FY) 2025 – interest on the national debt has also risen ...

In the Congressional Budget Office’s (CBO) latest budget baseline, the agency revised projections of Medicaid enrollment and outlays for the next decade – estimating that outlays will be more than ...

We have published an updated analysis "What Would It Take to Balance the Budget? An Update" to account for the Congressional Budget Office's latest ten-year budget projections. Balancing the budget ...

The Tax Policy Center (TPC) recently published analyses of several options to raise the $10,000 State and Local Tax (SALT) deduction cap, which is set to expire at the end of 2025 but could be part of ...

We have published an abbreviated update of this analysis, incorporating additional legislation, updated cost estimates, and new economic projections. We now find the COVID-19 response to be larger ...

Today, the White House announced an indefinite pause of the collection of defaulted federal student loan debt, including through the Treasury Offset Program, which applies any tax refunds towards a ...

The recent release of the final Monthly Treasury Statement from the Treasury Department shows that net interest costs totaled $882 billion in Fiscal Year (FY) 2024. The Monthly Treasury Statement ...

The Social Security retirement program is only seven years from insolvency, at which point the law calls for a 24% across-the-board benefit cut – an $18,400 cut for a typical couple retiring in 2033.