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.
New Student Debt Changes Will Cost Half a Trillion Dollars
Note (9/26/2022): The Congressional Budget Office (CBO) has released an estimate that debt cancellation will cost $400 billion . Using new information...
IRA Changes Could Erase $500 Billion of Long-Term Savings
Recently, we estimated the original Inflation Reduction Act (IRA) would reduce deficits by roughly $1.5 trillion over two decades, or nearly $2...
Cancelling Student Debt Would Undermine Inflation Reduction Act
The recently-passed Inflation Reduction Act (IRA) will reduce budget deficits by roughly $275 billion while pushing fiscal policy in the right...
The Inflation Reduction Act Would Reduce the Tax Gap
Of the $790 billion of savings and offsets in the Inflation Reduction Act (IRA) , about $125 billion would come from improving tax compliance...
IRA Saves Almost $2 Trillion Over Two Decades
The Inflation Reduction Act (IRA) would reduce budget deficits by over $300 billion in its first nine years, but much of the savings would take time...
Congress Should Proceed with Caution on Telehealth Extensions
On July 27, the House of Representatives passed the Advancing Telehealth Beyond COVID-19 Act, HR 4040, to extend telehealth flexibilities in Medicare...
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...