Committee for a Responsible Federal Budget
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Blog | September 2014

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.
Sep 12, 2014 | Taxes

Inverting the Rewards of Inversions

Senators Chuck Schumer (D-NY) and Dick Durbin (D-IL) have introduced legislation that would reduce the benefits to companies that choose to "...
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Sep 9, 2014 | Other Spending

Appropriations Watch: FY 2015

Here is a link to the Appropriations Watch for FY 2020. Final FY2015 funding was settled through the "CROmnibus" bill in December 2014...
Sep 9, 2014 | Taxes

CFED: Housing Tax Incentives are Upside Down

Tax breaks for homeowners are one of the largest categories of tax breaks offered by the federal government. A new report by the Corporation for...
Sep 9, 2014 | Other Spending

CBO: GSE Reform Saves $58 Billion (Or $7 Billion)

One of the bills to replace Fannie Mae and Freddie Mac and overhaul the housing finance system just got a verdict from CBO: it will save $58 billion...
Sep 9, 2014 | Economics

What Happened to Interest Rates?

One of the biggest stories in CBO's August budget update was the huge downward revision to expected spending on interest to service the debt,...
Sep 8, 2014 | Health Care

Medicare Growth Continues to Be Slow

Prior to the release of CBO's August baseline, we surmised that one of the revisions to the budget would come from Medicare, whose growth in 2014...
Sep 8, 2014 | Budgets & Projections

CFR: U.S. Falling Behind Other Advanced Countries on Debt

The Council on Foreign Relations has released a new report and scorecard comparing the United States federal debt situation to other G-7 countries (...
Sep 8, 2014 | Budgets & Projections

Separating "Current Law" from A "Do Nothing" Baseline

CBO’s baseline budget projections are often referred to as “current law” since they generally assume Congress continues the laws as...
Sep 5, 2014 | Health Care

The Health Spending Outlook Has Improved But Pick-Up in Growth Still Expected

In a highly anticipated release, the Centers for Medicare and Medicaid Services (CMS) this week released updated data and projections on National...
Sep 4, 2014 | Taxes

The $1.8 Trillion Drop in Revenue Projections

With the economy recovering slower than originally anticipated, the government now expects to collect significantly less revenue this decade than it...