Committee for a Responsible Federal Budget
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Blog | November 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.

A Permanent Build Back Better Act Could Cost $4.8 Trillion

Last month, we estimated the Build Back Better Act in the House of Representatives would cost $4.9 trillion if made permanent and add $3...
Nov 24, 2021 | Other Spending

UPDATE: Build Back Better Visualized

Last week, the House passed the Build Back Better Act (H.R. 5376) When combined with the bipartisan Infrastructure Investment and Jobs...
Nov 19, 2021 | Taxes

SALT Cap Repeal Below $500k Still Costly and Regressive

According to press reports, the Senate is considering repealing the $10,000 cap on the state and local tax (SALT) deduction for those making $...
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Nov 18, 2021 | Budgets & Projections

Full Estimates of the House Build Back Better Act

The Congressional Budget Office (CBO) has released cost estimates of each title of the House's Build Back Better Act (H.R. 5376). Before...
Nov 18, 2021 | Budgets & Projections

CBO Scores the Build Back Better Act

The Congressional Budget Office (CBO) has released cost estimates for every title of the Build Back Better Act (H.R. 5376). Without interactions...
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Nov 18, 2021 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

Updated 11/18/2021: President Biden signed the Infrastructure Investment and Jobs Act on Monday, Nov. 15, reauthorizing highway and transit...
Nov 16, 2021 | Taxes

Marc Goldwein: There’s a baffling tax gift to the wealthy in the Democrats' social-spending bill

Marc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote...
Nov 15, 2021 | Budgets & Projections

Updated Budget Projections Show Record Debt by 2031

New estimates from the Committee for a Responsible Federal Budget project that debt as a percentage of Gross Domestic Product (GDP) is on track...
Nov 15, 2021 | Other Spending

Build Back Better Cost Would Double with Extensions

Note (11/30/2021): We have since published an updated analysis of the House-passed bill based on estimates from the Congressional Budget Office. Read...
Nov 12, 2021 | Taxes

Two-Thirds of Millionaires Get a Tax Cut Under Build Back Better, Due to SALT Relief

This week, the Tax Policy Center (TPC) released new estimates for how the Build Back Better Act will affect the tax burden of individuals at various...

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