Jul 19, 2019 | Taxes
Watch: What Should We Do About the Zombie Tax Extenders?
Today, the Committee for a Responsible Federal Budget will host a lunch and panel discussion on What Should We Do About the Zombie Tax Extenders?...
Blog
Welcome to our blog – The Bottom Line, where you’ll find up-to-date commentary and analysis on the most important news in the fiscal world. Below is a list of our blog posts.
Jul 18, 2019 | Taxes
Ways and Means Tax Package Could Cost Over $900 Billion Now
Last month, the House Ways and Means Committee approved a tax package that would revive and extend several tax extenders through 2020 and...
Maya MacGuineas: No budget. On the brink of default. It's a hell of a way to run a country.
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an...
Jul 12, 2019 | Budgets & Projections
CBO's Long-Term Debt Outlook Improved Slightly from Last Year, Here's Why
In its latest Long-Term Budget Outlook, the Congressional Budget Office (CBO) projects debt held by the public will rise from over 78 percent of...
Jul 10, 2019 | Taxes
Are There $1.6 Trillion in Tax Loopholes?
Former Vice President and 2020 presidential candidate Joe Biden told the Rainbow PUSH Coalition Convention on June 28 that the tax code contains $1.6...
Jul 10, 2019 | Other Spending
Appropriations Watch: FY 2020
Updated 7/10/2019: Press reports indicate the Senate will not proceed with appropriations bills until lawmakers reach a deal with the White House on...
Jul 10, 2019 | Other Spending
New Pension Bill Adds Too Much to the Debt
The House Ways & Means Committee is considering pension reform legislation that CBO estimates will add $64 billion to deficits over the...
Jul 9, 2019 | Budget Process
Upcoming Congressional Fiscal Policy Deadlines
Updated 7/9/2019: The next two years will include several predictable fiscal policy deadlines that will force congressional action. Many of...
Jul 1, 2019 | Budgets & Projections
Gene Steuerle: Alice Rivlin: The George Washington of the Congressional Budget Office
Dr. Eugene (Gene) Steuerle is an Institute fellow and the Richard B. Fisher chair at the Urban Institute and a member of the Committee for a...
Jul 1, 2019 | Budgets & Projections
Saving Social Security and Medicare Could Help Fix the Debt
The Congressional Budget Office's (CBO) Long-Term Budget Outlook shows debt rising continuously as a share of the economy over the next 30 years and...
Jun 28, 2019 | Budget Process
David Walker: It is time to confront fiscal failure
David Walker is a former Comptroller General of the United States (head of the U.S. Government Accountability Office) and past board member of the...
Jun 27, 2019 | Taxes
Would a 10% VAT Pay for a $1,000 per Month UBI?
During the first 2020 Democratic presidential primary debate, candidate Andrew Yang claimed that his Universal Basic Income (UBI) proposal of $1,000...
Jun 27, 2019
Mike Murphy: The question to ask in 2020
Mike Murphy is the director of the Committee for a Responsible Federal Budget's FixUS initiative. He recently wrote an opinion piece ...
Jun 26, 2019 | Budgets & Projections
CBO: Fixing the Debt Would Increase Income
Putting debt on a downward path could increase average income by almost $9,000 per person per year, or about 10 percent as compared to continuing on...
Jun 26, 2019
Factchecking and Live-Tweeting the Democratic Presidential Primary Debates
Tonight and tomorrow's Democratic presidential primary debates mark the first of the 2020 campaign and will surely touch on fiscal issues.
We're...
Jun 25, 2019 | Economics
Maya MacGuineas: America's Biggest Weakness is No Big Secret
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an...
Jun 25, 2019 | Budgets & Projections
CBO Releases 2019 Long-Term Outlook
The Congressional Budget Office (CBO) just released its 2019 Long-Term Outlook, again confirming the budget’s unsustainable long-term trajectory....
Jun 25, 2019 | Taxes
Repealing SALT Caps Would Cost Another $500 Billion
The Ways & Means Subcommittee on Select Revenue Measures is holding two hearings today on limitations to the state and local tax (SALT...
Jun 20, 2019 | Taxes
Tax Extender Package Could Lead to $710 Billion of More Debt
Update 6/24/2019: During markup, the Ways & Means Committee added an amendment further increasing the child tax credit for young children, at an...
Jun 13, 2019 | Health Care
Lawmakers Shouldn't Repeal Cadillac Tax Without Substantial Offsets
A bill to repeal the "Cadillac tax" on high-cost health insurance plans may soon get a vote on the House floor. This tax was an important part of the...
