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.
House Reconciliation Bill Would Massively Increase Near-Term Deficits
The House is continuing to mark up its reconciliation legislation, which we estimate would add $3.3 trillion to the debt including interest or $5.2...
Adding Up the House Reconciliation Bill
Update (5/21/2025): CBO released a score of all titles but not a full cost estimate with interactions; our analysis of that score is here . The...
Further SALT Relief Would Be a Mistake
The House reconciliation bill extends the cap on the state and local tax (SALT) deduction, raising it to $30,000 for taxpayers making less than $400...
Permanent Ways & Means Bill Could Add $5.3 Trillion to Deficits
The House Ways & Means Committee is set to mark up its title of the Fiscal Year (FY) 2025 reconciliation bill on Tuesday. The Joint Committee on...
Energy & Commerce Draft Would Help Limit Medicaid Gaming
The House Energy & Commerce (E&C) Committee recently released its proposed reconciliation legislation, which is expected to save over $900 billion...
Ways & Means Draft Could Add $5 Trillion to Deficits
Update (5/10/2025): This piece was published prior to the Joint Committee on Taxation's revenue estimate , which totals $4.9 trillion for the bill as...
New Site-Neutral Bill Introduced in Senate
Senator John Kennedy (R-LA) introduced the Same Care, Lower Cost Act this week, which would take significant steps toward implementing site-neutral...
Options for Reducing Energy-Related Tax Breaks
The federal tax code includes numerous provisions related to energy use and production, provisions which grew dramatically in size and number as a...
12-Month Rolling Deficit is $2.0 Trillion in April 2025
The federal budget deficit totaled $2.0 trillion over the past 12 months based on estimates from the Congressional Budget Office (CBO). Due to...
Reconciliation Could Increase Spending Under Senate Instructions
The Fiscal Year (FY) 2025 concurrent budget resolution reconciliation instructions would allow the House to add up to $2.8 trillion to primary...
Maya MacGuineas on Fox Business' "Mornings with Maria"
Committee for a Responsible Federal Budget president Maya MacGuineas recently appeared on Fox Business’ “Mornings with Maria” live from the 2025...
Higher Treasury Yields Would Add Trillions to the Debt
The 10-year Treasury yield today is approaching 4.4 percent, over 50 basis points above the intra-day low a month ago on April 7, more than twice as...