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...
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...
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...
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...
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...
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...
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...
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...
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....
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...
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...
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...
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,...
