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Blog | July 2019

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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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...