Committee for a Responsible Federal Budget
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Blog | November 2017

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.
Nov 21, 2017 | Taxes

Resources for Tax Reform

Efforts to reform the tax code are underway, and the legislative process is in full swing. CRFB has been tracking and compiling the scores of each...
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Nov 20, 2017 | Taxes

Tax Policy Center Dynamically Scores House Tax Bill

The Tax Policy Center (TPC) today released a new dynamic analysis of the House-passed Tax Cuts and Jobs Act (TCJA), adding more proof that tax cuts...
Nov 20, 2017 | Economics

Gene Steuerle: A Debt Straightjacket or a Misdiagnosed Disease?

Dr. Eugene (Gene) Steuerle is the Richard B. Fisher chair and Institute Fellow at the Urban Institute and a member of the Committee for a Responsible...
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Nov 17, 2017 | Taxes

Comparing the Latest House and Senate Tax Bills by Provision

In broad fiscal terms, the House and Senate tax bills are very similar. Both plans would cost more than $1.4 trillion over ten years on paper while...
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Nov 17, 2017 | Other Spending| Taxes

Leon Panetta: Blowing Up the Debt is a Threat to America

Leon Panetta is a co-chair of the nonpartisan Committee for a Responsible Federal Budget. He recently wrote an opinion piece for USA Today. It...
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Nov 16, 2017 | Taxes| Economics

Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt

As more dynamic estimates of the Tax Cuts and Jobs Act (TCJA) are released, they all confirm that tax cuts do not pay for themselves. Because both...
Leon Panetta
Nov 16, 2017 | Other Spending| Taxes

Leon Panetta and Other Former Defense Secretaries: Debt-Increasing Tax Bill Threatens National Security

Leon Panetta is a co-chair of the nonpartisan Committee for a Responsible Federal Budget. He recently wrote a letter to Congressional leaders...
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Nov 16, 2017 | Taxes

New Senate Tax Bill Cuts Less Than $3.7 Trillion of Tax Breaks

One of the main goals for tax reform has been to follow the mantra of "broaden the base, lower rates." Yet despite over $18 trillion of tax...
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Nov 15, 2017 | Taxes

New Senate Tax Bill Hides Over $500 Billion of Gimmicks

The new Senate Finance Chairman's mark of the Tax Cuts and Jobs Act (TCJA) would cost $1.41 trillion and significantly worsen our already...
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Nov 14, 2017 | Taxes| Economics

Checking the Facts on the Steve Forbes-Maya MacGuineas Tax Discussion

On Mornings With Maria, publisher and former presidential candidate Steve Forbes made several claims about tax cuts and economic growth during a...

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