Better Targeting in Reconciliation
As lawmakers negotiate the details of their reconciliation package,...
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.
Ways and Means Proposes $1.3 Trillion of Tax Breaks, $2.3 Trillion of Tax Hikes
UPDATE (9/13/2021): The Joint Committee on Taxation has released a full score...
Sep 9, 2021 | Budget Process
Upcoming Congressional Fiscal Policy Deadlines
The next few years will include several predictable fiscal policy deadlines that will force congressional action. Many provisions providing...
Sep 9, 2021 | Other Spending
Appropriations Watch: FY 2022
Congress started marking up individual appropriations bills for Fiscal Year (FY) 2022 in June. Discretionary spending levels are no...
Sep 9, 2021 | Taxes
Closing the Stepped-Up Basis Loophole
Reconciliation should not add a penny to the national debt. As lawmakers work to craft a package with ...
FY 2022 Reconciliation Tracker
Last Updated: 9/16/2021
Budget reconciliation is underway (read more...
Sep 7, 2021 | Budgets & Projections
Representatives Murphy and Cuellar Push for Fiscally Responsible Reconciliation
Representatives Stephanie Murphy (D-FL) and Henry Cuellar (D-TX) recently...
Biden Administration’s SNAP Increase Could Add $180 Billion to Deficits
The U.S. Department of Agriculture (USDA) recently ...
Event Recap: What's Going on With the Social Security and Medicare Trust Funds?
On September 1, the Committee for a Responsible Federal Budget hosted “What’s Going on With the Social Security and Medicare Trust Funds.” The...
Sep 2, 2021 | Taxes
CBO Estimates $120 Billion from IRS Funding Boost
Today, the Congressional Budget Office (CBO) published an estimate of the revenue effects of...
Trustees: Social Security & Medicare Approaching Insolvency
The Social Security (our analysis here) and...
Aug 17, 2021 | Budgets & Projections
Comparing the Cost of Build Back Better to Other Recent Legislation
Lawmakers are preparing to consider both portions of President Biden's Build Back Better agenda – the Senate-passed...
It’s Time to Wind Down the Student Loan Moratorium
The Biden administration recently...
Aug 12, 2021 | Budgets & Projections
The Budgetary Implications of the Senate Budget Resolution
The recently released fiscal year (FY) 2022 ...
Aug 11, 2021 | Budgets & Projections
How Much Could Build Back Better Add to the Debt, An Update
Note: with recent Administrative...
Aug 10, 2021 | Other Spending
Former Budget Committee Director Warns Against Budgetary Gimmicks
Former Democratic House Budget Committee staff director Tom Kahn recently penned an...
Aug 10, 2021 | Budget Process
Bipartisan House Group Sends Letter Calling for Process Reforms
A bipartisan group of ten members from the House of Representatives recently...
Aug 9, 2021 | Budgets & Projections
CBO's Deficit Projections Are Higher, Here's Why
In its updated Budget and Economic Outlook, the...
