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.
IRA Would Lower Medicare Costs, NOT Cut Benefits
Several political advertisements have made misleading attacks that the Inflation Reduction Act (IRA) would cut Medicare spending by $300 billion. In...
IRA Will Help Fed Fight Inflation
A recent Penn Wharton Budget Model (PWBM) study has been used by opponents to claim the Inflation Reduction Act (IRA) would increase rather than...
Maya MacGuineas: Five ways national debt is canceling our future
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 opinion...
What's In the Inflation Reduction Act?
Update (9/7/2022): The Congressional Budget Office has released an official score of the final version of the Inflation Reduction Act, finding it will...
Event Recap: Medicare and Inflation
On July 27, the Committee for a Responsible Federal Budget hosted an event on " Medicare and Inflation." The event featured opening remarks from Josh...
Extending the Student Loan Payment Pause is Bad Policy
Note: (8/30/2022): Since the publication of this blog the Biden Administration announced another four-month extension to the student loan pause...
CBO Releases July 2022 Long-Term Budget Outlook
The Congressional Budget Office (CBO) just released its July 2022 Long-Term Budget Outlook, its first extended baseline since March 2021. CBO's long...
Senate Insulin Proposal to Increase Prescription Drug Costs
The Senate may soon vote on the bipartisan Improving Needed Safeguards for Users of Lifesaving Insulin Now (INSULIN) Act, a bill designed to cap...
CBO Estimates "Chips-Plus" Bill Would Cost $79 billion
The Congressional Budget Office (CBO) has released a cost estimate for H.R. 4346, a “chips-plus” economic competitiveness bill. CBO estimates the...
WEP/GPO Repeal Would Mean Earlier Insolvency for Social Security
Congress may soon consider legislation to repeal Social Security's Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)...
Build Your Own Carbon Tax
One way for the federal government to raise new revenue and reduce greenhouse gas emissions would be by putting a price on carbon. A carbon tax could...
Christopher Towner: Cut debt and tax carbon to help bring down inflation
Chris Towner is research director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for Madison News , an excerpt...