Committee for a Responsible Federal Budget
Washington Monument

Blog | September 2021

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.
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Five Ways to Improve the FY 2022 Reconciliation Package

Congress is attempting to enact a large and ambitious agenda of new programs through the reconciliation process. While President Biden...
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Sep 20, 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 longer...
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Better Targeting in Reconciliation

As lawmakers negotiate the details of their reconciliation package, they will need to scale back some of their ambitions to prevent ...
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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 of the revenue proposals, including the revenue-raising items. The...
Sep 10, 2021

SALT Cap Repeal Would Be a Costly Mistake

Recent reports indicate Congress may repeal the $10,000 cap on the State and Local Tax (SALT) deduction in its $3.5 trillion reconciliation bill,...
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Sep 9, 2021 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

Updated 9/9/2021: The House left for its August recess without completing action on renewal of the eviction moratorium, expiring unemployment...
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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 $3.5 trillion of new spending and tax...
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FY 2022 Reconciliation Tracker

Last Updated: 9/20/2021 Budget reconciliation is underway (read more about the full process here), with House and Senate lawmakers crafting a...
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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 sent a letter to House majority leadership outlining principles for the...
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Biden Administration’s SNAP Increase Could Add $180 Billion to Deficits

The U.S. Department of Agriculture (USDA) recently announced it will be revising the Thrifty Food Plan (TFP), used for the calculation of...

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