Concept_DC_Capitol Building

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.

Donald Trump
Jan 30, 2018 | Budgets & Projections

Debt-O is Back for the State of the Union Address!

President Donald Trump will give his first State of the Union address tonight at 9 p.m. ET. CRFB will be live tweeting the speech, providing analysis...
Jan 30, 2018

Washington Post: In a house fire, America loses a devoted servant

Following the untimely death of Committee for a Responsible Federal Budget senior advisor Ed Lorenzen and his son, Michael, The Washington Post's...
Maya MacGuineas
Jan 26, 2018 | Other Spending

Maya MacGuineas: Wake Up: The Current Fiscal Free-for-All is Untenable

Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She...
Concept_Stock Market_Recession
Jan 26, 2018 | Taxes| Economics

IMF: Tax Bill's Boost to Growth is Short-Term

This week, the International Monetary Fund (IMF) released a new estimate of economic growth, revising their short-term estimate upwards because of...
Concept_Debt
Jan 26, 2018 | Budgets & Projections

Trillion-Dollar Deficits Could Return Next Year, But A Deal Could Make Them Worse

Trillion-dollar deficits will return next year, and a budget deal in the coming weeks could make them much worse. The continuing resolution (CR) that...
Concept_Wallet
Jan 23, 2018 | Health Care| Taxes

Three-Week Funding Deal Includes $30 Billion in Tax Cuts

Lawmakers came to a bipartisan agreement to end the federal government shutdown yesterday, but it came with a very high price. The continuing...
Donald Trump
Jan 19, 2018 | Budgets & Projections

President Trump's Fiscal Record So Far

As the first year of the Trump Presidency closes, it is worth taking a look at how the fiscal health of the country has changed since President Trump...
Concept_Debt_pennies
Jan 17, 2018 | Health Care| Other Spending

House Continuing Resolution Sets Stage for Over $300 Billion in Costs

House Republicans released a draft continuing resolution (CR) last night to extend current levels of discretionary spending through February 16,...
Concept_DC_Capitol Building_Money
Jan 11, 2018 | Other Spending

Lawmakers Should Offset Upcoming Disaster Relief

One of many things lawmakers are poised to take up early in the year is additional disaster relief in response to Hurricanes Harvey, Irma, and Maria...
Jan 10, 2018

The Hill: Head of Nonprofit Watchdog Fights with Both Parties

Maya MacGuineas is the president of the Committee for a Responsible Federal Budget. She was recently profiled in an article by Niv...
Concept_Money_Green
Jan 9, 2018 | Other Spending

Sequester Relief is Too Costly to Add to the Credit Card

During the busy end to the year, lawmakers enacted a continuing resolution (CR) to keep the government funded through January 19. When that CR ends,...
Jan 8, 2018 | Budgets & Projections

National Economists Club Speech: The Return of Trillion-Dollar Deficits

As lawmakers return for the new year after the enactment of the Tax Cuts and Jobs Act (TCJA), they also face a new budget outlook with higher debt,...
Concept_Stock Market_Recession

Sizing Up Revenue With the Tax Bill Enacted

As lawmakers return for the new year after the enactment of the Tax Cuts and Jobs Act (TCJA), they also face a new budget outlook with significantly...
Jan 5, 2018 | 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...
Concept_World_Money
Jan 3, 2018 | Taxes| Economics

Official Analysis Finds Tax Bill Will Produce Marginal Growth, Cost $1.1 Trillion

At the end of December, the Joint Committee on Taxation (JCT) released its final dynamic analysis of the Tax Cuts and Jobs Act (TCJA). JCT's analysis...
concept_fiscal_new_year_confetti
Dec 29, 2017 | Budgets & Projections

CRFB's Top 10 Charts of 2017

The year 2017 was a busy time for budget policy as lawmakers considered major legislation dealing with health care and taxes following the...
Dec 20, 2017 | Taxes

Marc Goldwein: Debt Matters Even More After Tax Bill's Passage

Marc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget. He recently wrote an...
Concept_Capitol Building_Money
Dec 20, 2017 | Budgets & Projections

Lawmakers Are Getting Closer to Bringing Back Trillion-Dollar Deficits

Lawmakers are closer to making trillion-dollar deficits a reality again by next fiscal year as a result of the passage of the final, conferenced...
Maya MacGuineas
Dec 19, 2017 | Taxes

Maya MacGuineas: Standing Strong Against Increasing the National Debt

Maya MacGuineas is president of the nonpartisan Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently...
Concept_DC_Capitol Building Sunrise
Dec 19, 2017 | Taxes

Comparing the Conference Report With the House & Senate Tax Bills

The House-Senate conference committee has released its version of the Tax Cuts and Jobs Act (TCJA), and we've updated our blog comparing the final...

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