Committee for a Responsible Federal Budget
Washington Monument

Blog | November 2011

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.
Nov 30, 2011 | Budget Process

Bipartisan Push in House for Expedited Rescission Authority

Today, Reps. Paul Ryan (R-WI) and Chris Van Hollen (D-MD), the two leading members of the House Budget Committee, introduced a bill to give the...
Nov 29, 2011 | Taxes

Sen. Portman to Propose Corporate Tax Reform Early Next Year

At an American Enterprise Institute event yesterday, Sen. Rob Portman (R-OH) announced that he will unveil a plan to reform the corporate tax code in...
Nov 29, 2011 | Social Security| Taxes

Paying for Any Payroll Tax Cuts

Later this week, Senate majority leader Harry Reid is expected to hold a vote on the two largest components of President Obama’s jobs bill,...
Nov 28, 2011

Fitch Cuts Outlook on US Credit Rating to Negative

This afternoon Fitch Ratings lowered the outlook on the United States' credit rating from stable to negative. Fitch, considered one of the "big...
Nov 28, 2011

‘Line’ Items: Post-Turkey Edition

Stuffed – The Super Committee talked turkey, but in the end produced no meat. All that got placed before us was the warmed-over stuffing of...
Nov 28, 2011 | Taxes

Deja Vu All Over Again: Another Busy December

News flash: Congress has a huge checklist to take care of. Many expiring tax provisions need to be dealt with, along with other temporary policies...
Nov 23, 2011

Friedman: "Go Big, Mr. Obama"

In his New York Times column this morning, Tom Friedman urged the president to “Go Big” to put the country on a “sustainable...
Nov 22, 2011 | Budget Process

Kudos to Those Who Are Resisting Efforts to Turn Off the Trigger!

We talked yesterday about the importance of keeping the trigger, or the automatic sequester of $1.2 trillion in spending cuts, in place in order to...
Nov 22, 2011

My View: Rudy Penner

CRFB board member Rudy Penner recently authored a CNN Money op-ed in which he writes that Congress has delayed the necessary fiscal adjustments for...
Nov 21, 2011

‘Line’ Items: Super Failure Edition

SuperBad – Well, they did it after all. In an amazing feat of utter failure, the so-called Super Committee managed to under-perform the already...

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