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.
A Fiscal Year Defined by $2.4 Trillion In New Debt
Typically, we mark the end of the fiscal year, which will occur on Monday, by reviewing important numbers for the previous fiscal year. This year, one...
JCT: Tax Cuts 2.0 Would Slow Long-Term Economic Growth
The Joint Committee on Taxation (JCT) has released an official dynamic score of "Tax Reform 2.0" – a bill permanently extending last December's tax...
Co-Chair Lowey Proposes Reforms to the JSC
The Joint Select Committee on Budget and Appropriations Process Reform (JSC) continues to work on its recommendations, which are due at the end of...
2018 Annual Dinner: Celebrating our Commitment to Fiscal Responsibility
On Thursday, September 13, the Committee for a Responsible Federal Budget hosted its 2018 Annual Dinner at the Liaison Hotel on Capitol Hill. We had a...
No, Really, Tax Revenue Has Not Risen
Update: After the end of the fiscal year, we published an updated version of this piece with final numbers from the Treasury Department. At the...
The Progressive Caucus FY 2019 "People's Budget"
The Congressional Progressive Caucus (CPC) released its “The People’s Budget: A Roadmap for the Resistance” for Fiscal Year (FY) 2019, which calls for...
House to Consider Another $59 Billion of Tax Cuts
The House will likely consider a package of health-related tax cuts this week, separate from the permanent extension of the 2017 tax law considered by...
Tax Cut Extensions Would Cost $657 Billion
The House Ways and Means Committee on Monday released three bills they are dubbing "Tax Reform 2.0." The biggest of these bills would extend many of...
CMS Takes Some Steps to Improve Medicare Payments
Over the past two months, the Center for Medicare and Medicaid Services (CMS) has proposed or issued several new rules aimed at reducing costs and...
We Need Functional, Not Budget-Busting, Bipartisanship
The House and Senate appear to be moving through the appropriations process better and faster than any time in at least the last nine years. Congress...
CBO Shows Faster Growth Is Important for Fixing the Debt
Strong, sustained economic growth is an important ingredient in putting the debt on a sustainable course. In addition to increasing incomes and...
Taking a Look at CBO's New Transparency Efforts
The Congressional Budget Office (CBO) has worked hard to improve transparency and accessibility of its data and analysis. Over the past two years, CBO...