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.

$3 Trillion of Dynamic Feedback is Fantasy Math
According to a recent press report, the House may try to claim $3 trillion of deficit reduction as a result of “assumed economic growth from tax cuts”...

Maya MacGuineas on CNBC's "The Exchange"
Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on CNBC's "The Exchange" to discuss the Committee's estimates...

Interest on the Debt to Grow Past $1 Trillion Next Year
The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net interest payments on the debt...

Trump Tax Priorities Total $5 to $11 Trillion
In a closed-door meeting with House Leadership today President Trump reportedly outlined his tax priorities. According to press reports, they included...

2025 Reconciliation Resources
The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring...

Pell Grant Program Is In Serious Trouble
The Pell Grants program is now expected to run out of reserves by the end of this year and is expected to face a $71 billion to $111 billion ten-year...

Interest Costs Would Explode with $5.5 Trillion Reconciliation Package
A recent press report indicated that House leadership may be considering a budget resolution that would allow up to $5.5 trillion of net primary...

How Much Revenue Will Trump's Tariffs Raise?
On February 1, 2025, President Trump signed three executive orders imposing new tariffs on goods from China, Canada, and Mexico. Below is an update of...

Debt-to-GDP Growth Could Double with a $5.5 Trillion Bill
According to press reports, House lawmakers were recently considering a budget resolution with reconciliation instructions to allow up to $5.5...

Meeting Fiscal Goals Under CBO’s January 2025 Baseline
Stabilizing debt over the next decade at its current share of the economy would require $9.0 trillion of deficit reduction relative to the...

Weakening the SALT Cap is Costly, Benefits High-Earners, & Increases Tax Complexity
The Tax Policy Center (TPC) recently published analyses of several options to raise the $10,000 State and Local Tax (SALT) deduction cap, which is set...

CBO’s Discretionary Savings Options
The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number of policy options to reduce the...