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.
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Senate Tax Bill Could Add $1.8 Trillion to Debt
The Senate version of the Tax Cuts and Jobs Act (TCJA) is estimated to increase deficits by $1.5 trillion over ten years. However, even this cost does...
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The Good, the Bad, and the Ugly of the Senate Tax Bill
Senate Finance Committee Chairman Orrin Hatch (R-UT) has released his Chairman's Mark of the Tax Cuts and Jobs Act, a Senate version of the House's...
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Both House and Senate Tax Bills Carry Substantial Costs
According to the Joint Committee on Taxation (JCT), the Senate version of the Tax Cuts and Jobs Act (TCJA) will add $1.5 trillion to the debt before...
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Under Dynamic Scoring, House Tax Bill Still Explodes the Debt
Note: this blog has been updated to reflect the Tax Foundation's corrected growth and revenue numbers. Recent dynamic estimates of the Tax Cuts and...
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The Tax Cuts and Jobs Act Doesn't Comply with the Byrd Rule
While the Tax Cuts and Jobs Act (TCJA) under consideration in the House would satisfy reconciliation instructions requiring it add no more than $1.5...
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House Tax Plan May Add Over $2 Trillion to the Debt
Note: This blog has been updated from its original posting to account for the new JCT score and a new estimate for the cost of extending the family...
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The Good, the Bad, and the Ugly of the House Tax Bill
House Ways and Means Committee Chairman Kevin Brady (R-TX) has released the Tax Cuts and Jobs Act, the first version of tax reform to be put into...
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Tax Cuts and Jobs Act Will Cost $1.5 Trillion
According to House Ways and Means Committee Chairman Kevin Brady (R-TX), today's Tax Cuts and Jobs Act will add $1.51 trillion to the debt, before...
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House Releases Responsible Health Package
At a time when fiscal restraints are being disregarded, a House bill released yesterday would responsibly pay for extensions of the Children's Health...
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The Mortgage Interest Deduction Should Be on the Table
As efforts for tax reform continue, there will be plenty of discussion about which tax breaks should be retained and which should be reduced or...
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Temporary Expensing is a Budget Gimmick and a Bad Idea
One provision included in the $2.2 trillion " Unified Tax Framework" would allow companies to fully deduct or "expense" capital purchases other than...
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FY 2018 Budget Resolution Resources
This blog has been updated to reflect new publications as of 10/27/17. Consideration of the congressional budget resolution has drawn to a close on...