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.
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...
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...
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 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...
Extending the Student Loan Payment Pause is Bad Policy
A new report in Bloomberg suggests that President Biden is nearing a decision that could extend the student loan payment pause through the end of the...
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...
What's In the Inflation Reduction Act?
Update (8/11/2022): The Senate passed an amended version of the Inflation Reduction Act on August 7, which included several changes to provisions...
Appropriations Watch: FY 2023
Congress began scheduling markups for individual appropriations bills for Fiscal Year (FY) 2023 in June. In March, the Biden Administration released...
Senate Insulin Proposal to Increase Prescription Drug Costs
The Senate may soon vote on the bipartisan Improving Needed Safeguards for Users of Lifesaving Insulin Now (INSULIN) Act, a bill designed to cap...
CBO Releases July 2022 Long-Term Budget Outlook
The Congressional Budget Office (CBO) just released its July 2022 Long-Term Budget Outlook, its first extended baseline since March 2021. CBO's long...