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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.

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Nov 8, 2017 | Taxes| Economics

Under Dynamic Scoring, House Tax Bill Still Explodes the Debt

Note: this blog has been updated to reflect the Tax Foundation's corrected growth and revenue numbers. Recent dynamic estimates of the Tax Cuts and...
Nov 7, 2017 | Taxes

The Tax Cuts and Jobs Act Doesn't Comply with the Byrd Rule

While the Tax Cuts and Jobs Act (TCJA) under consideration in the House would satisfy reconciliation instructions requiring it add no more than $1.5...
Nov 3, 2017 | Taxes

House Tax Plan May Add Over $2 Trillion to the Debt

Note: This blog has been updated from its original posting to account for the new JCT score and a new estimate for the cost of extending the family...
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Nov 2, 2017 | Taxes

The Good, the Bad, and the Ugly of the House Tax Bill

House Ways and Means Committee Chairman Kevin Brady (R-TX) has released the Tax Cuts and Jobs Act, the first version of tax reform to be put into...
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Nov 2, 2017 | Taxes

Tax Cuts and Jobs Act Will Cost $1.5 Trillion

According to House Ways and Means Committee Chairman Kevin Brady (R-TX), today's Tax Cuts and Jobs Act will add $1.51 trillion to the debt, before...
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Oct 31, 2017 | Health Care

House Releases Responsible Health Package

At a time when fiscal restraints are being disregarded, a House bill released yesterday would responsibly pay for extensions of the Children's Health...
Oct 30, 2017 | Taxes

The Mortgage Interest Deduction Should Be on the Table

As efforts for tax reform continue, there will be plenty of discussion about which tax breaks should be retained and which should be reduced or...
Oct 27, 2017 | Taxes

Temporary Expensing is a Budget Gimmick and a Bad Idea

One provision included in the $2.2 trillion "Unified Tax Framework" would allow companies to fully deduct or "expense" capital purchases other than...
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Oct 27, 2017 | Budgets & Projections

FY 2018 Budget Resolution Resources

This blog has been updated to reflect new publications as of 10/27/17. Consideration of the congressional budget resolution has drawn to a close on...
Oct 25, 2017 | Taxes

Is President Trump's Tax Cut the Largest in History Yet?

President Trump has often stated that his proposed tax cut will be the largest in history. We previously found his $5.5 trillion framework in April...
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Oct 24, 2017 | Taxes

Event Recap: Paying for Tax Reform

On October 4, the Committee for a Responsible Federal Budget (CRFB) hosted an event on Capitol Hill on the need to pay for tax reform. The event...
Oct 24, 2017 | Budgets & Projections

Senate Budget Is More Irresponsible Than the House

The House of Representatives is expected to vote this week to adopt the Senate’s budget resolution, rather than support their own budget resolution...
Oct 23, 2017 | Taxes

Maya MacGuineas: Trump Tax Cuts Could Cost Your Kids Dearly

Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
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How the FY 2018 Budget Could Avoid a Conference

The Senate Fiscal Year (FY) 2018 budget resolution passed last night on a 51-49 vote. The budget included a "technical" amendment by Senate Budget...
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Several Amendments Would Improve the Senate Budget

The Senate is considering the FY 2018 Senate budget resolution this week. As is, the budget would facilitate legislation to add significantly to debt...
Oct 18, 2017 | Budget Process

How PAYGO Rules Could Affect Tax Reform

Most of the discussion about rules that could prevent tax reform from increasing the deficit has focused on the Byrd Rule. Congress could get around...
Oct 13, 2017 | Taxes

Options to Help Pay for the Big Six Tax Reform Framework

The unified framework for tax reform released by the White House and GOP Congressional leaders includes several provisions that could result in about...
William Hoagland
Oct 12, 2017 | Budget Process

Bill Hoagland: A Disappearing Budget Process Unhelpful for Fiscal Responsibility

G. William Hoagland is Senior Vice President at the Bipartisan Policy Center and member of the Committee for a Responsible Federal Budget. He...
Donald Trump
Oct 12, 2017 | Economics

Have Stock Market Gains Reduced the National Debt?

On Fox News last night, President Trump claimed the growth in the stock market has reduced the national debt. It has not. The two measures are not...
Taxes_1040 Form
Oct 11, 2017 | Taxes

The State and Local Tax Deduction Should Be on the Table

As tax reform gets underway, there will be disagreement about which tax breaks should be eliminated or reformed and which should remain. There is a...