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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 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 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 | Economics

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 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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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...
Jun 12, 2019 | Social Security

Event Recap: Disability Policy for the 21st Century

On Thursday, June 6, the Committee for a Responsible Federal Budget and the McCrery-Pomeroy SSDI Solutions Initiative hosted an event on "Disability...
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Jun 6, 2019 | Budgets & Projections

CBO: Debt Remains Unsustainable With r < g

The national debt is rising at an unsustainable pace. A factor that helps is interest rates currently being lower than the economic growth rate...
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Jun 6, 2019 | Social Security

Watch: Disability Policy for the 21st Century

The McCrery-Pomeroy SSDI Solutions Initiative recently hosted a breakfast and panel discussion on Disability Policy for the 21st Century....
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Jun 4, 2019 | Other Spending

House Immigration Bill Should Be Offset

The House is poised to vote on the American Dream and Promise Act (HR 6) that would allow certain immigrants to obtain Lawful Permanent Resident...
Judd Gregg
Jun 4, 2019 | Budgets & Projections

Judd Gregg: And the threat is...

Judd Gregg, a former Republican senator from New Hampshire, served as chairman of the Senate Budget Committee from 2005 to 2007 and ranking...
Congress
May 29, 2019 | Health Care

Senate HELP Committee Releases Discussion Draft to Reduce Health Care Costs

The leaders of the Senate Health, Education, Labor, and Pensions (HELP) Committee recently released the Lower Health Care Costs Act, a discussion...
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May 24, 2019 | Other Spending

Lawmakers Should Offset Latest Disaster Relief Package

Yesterday, the Senate voted to appropriate an additional $19 billion in disaster relief to aid the damage caused by wildfires, hurricanes,...
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May 23, 2019 | Other Spending

Representative Blumenauer Introduces Bill to Shore Up the Highway Trust Fund

Representative Earl Blumenauer (D-OR) has introduced the Rebuild America Act, which would raise the excise taxes on gasoline and diesel fuel...

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