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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 23, 2019 | Budgets & Projections

Proposed Budget Agreement Could Cost $1.7 Trillion

Congress and the President have announced a plan to raise discretionary spending caps for Fiscal Years (FY) 2020 and 2021. The plan would increase...
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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?...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...

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