Committee for a Responsible Federal Budget
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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
Apr 26, 2017 | Taxes

Is President Trump's Tax Cut the Largest in History?

In their tax reform framework memo, the Trump Administration calls their plan "The Biggest Individual and Business Tax Cut in American History." And...
Donald Trump
Apr 26, 2017 | Taxes

How Much Will Trump's Tax Plan Cost?

The White House released principles and a framework for tax reform today. We applaud the President's focus on tax reform, but the plan includes far...
Taxes_1040 Form
Apr 25, 2017 | Taxes

Comparing the Trump Campaign and Better Way Tax Plans

With President Trump expected to release new details about his Administration's tax reform plan on Wednesday, we thought it would be useful to take...
Apr 20, 2017 | Taxes

America Needs Tax Reform, Not More Debt

A New York Times op-ed written by Steve Forbes, Larry Kudlow, Arthur Laffer, and Stephen Moore argued that since tax reform is hard, Republicans...
Apr 18, 2017 | Taxes

Tax Day 2017: Charts to Explain Our Tax System

To commemorate Tax Day, CRFB and our partners at Fix the Debt have released our annual chartbook on federal taxes. It outlines who pays taxes, what...
Other Spending_Infrastructure_Crane
Apr 18, 2017 | Other Spending| Economics

Increasing Infrastructure Investment Must Be Paid For

In a recent interview with The New York Times, President Trump said that he wants to invest $1 trillion in infrastructure because "we are borrowing...
Apr 17, 2017 | Taxes

Where Tax Dollars Went Last Year

In honor of Tax Day tomorrow, we've published our annual Taxpayer Receipt, which gives a line-by-line breakdown of where tax dollars go. For example...
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CBO Economic Forecast Sees Major Headwinds Facing Growth

Predicting what the economy will look like over the next 30 years is no easy task, but the assumptions in the Congressional Budget Office’s (CBO)...
Health Care_Money
Apr 13, 2017 | Health Care| Taxes

You Can't Pay for Tax Reform with Health Reform

In an interview yesterday on the Fox Business Network, President Trump described how it is better to do health care reform before tax reform because...
Apr 10, 2017 | Taxes

Senator Flake Releases "Tax Rackets" Oversight Report

With Tax Day approaching on April 18 and Congress considering tax reform, Senator Jeff Flake (R-AZ) has released an oversight report, Tax Rackets:...
Apr 7, 2017 | Budget Process

Looming Debt Limit Debate Offers Opportunity for Meaningful Reform

The debt limit was quietly reinstated on March 16. The budget deal in November 2015 suspended the debt limit through March 15, 2017, and reinstated...
Social Security_Card_Layered
Apr 6, 2017 | Social Security

Johnson and Larson Show Two Ways to Fix Social Security

Yesterday, House Ways and Means Social Security Subcommittee Ranking Member John Larson (D-CT) introduced a Social Security reform bill. About four...
Apr 6, 2017 | Budgets & Projections

How High Will Debt Rise If Current Policy Continues?

The Congressional Budget Office's (CBO) 2017 Long-Term Budget Outlook shows today's high debt will nearly double as a share of Gross Domestic Product...
Rudolph Penner
Apr 4, 2017 | Budgets & Projections

Rudolph Penner: Washington’s New Definition Of Budget Success

Dr. Rudolph Penner was the director of the Congressional Budget Office from 1983 to 1987, and he is an Institute Fellow at the Urban ...
Apr 3, 2017 | Budgets & Projections

TRUSTGO: To Fix the Debt, Start By Making Trust Funds Solvent

Last week, we showed that today's post-war era record-high debt is slated to double as a share of the economy over the next three decades, while four...
Concept_DC_Capitol Building
Mar 30, 2017 | Budgets & Projections

CBO Releases 2017 Long-Term Budget Outlook

Today the Congressional Budget Office (CBO) released their latest Long-Term Budget Outlook, extending the agency's budget projections for the next 30...
Mar 29, 2017 | Health Care| Taxes

Does AHCA Make Tax Reform Easier?

Much of the news coverage on the interplay between health care and tax reform claims the failure to pass the American Health Care Act (AHCA) makes...
Mar 28, 2017 | Taxes

JCT Estimates Record $1.6 Trillion in Tax Breaks in 2017

The Joint Committee on Taxation (JCT) released a new estimate earlier this year for the cost of tax expenditures over the years 2016-2020. In total,...
Dan Crippen
Mar 24, 2017 | Health Care

Dan Crippen: Why the CBO’s health bill numbers matter — even if they’re imperfect

Dan Crippen served as the director of the Congressional Budget Office from 1999 to 2003 and is currently a member of the board of the Committee for a...
Mar 24, 2017 | Budgets & Projections

Trump Budget Spending Increases Aren’t All Paid For

Although President’s Trump “skinny budget” pays for most of its defense spending increases with cuts elsewhere, one-fifth of the spending increases...