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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Where Tax Dollars Went Last Year
In honor of Tax Day tomorrow, we've published our annual Taxpayer Receipt, which gives a line-by-line breakdown of where tax dollars go. For example...
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CBO Economic Forecast Sees Major Headwinds Facing Growth
Predicting what the economy will look like over the next 30 years is no easy task, but the assumptions in the Congressional Budget Office’s (CBO) Long...
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You Can't Pay for Tax Reform with Health Reform
In an interview yesterday on the Fox Business Network, President Trump described how it is better to do health care reform before tax reform because...
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Senator Flake Releases "Tax Rackets" Oversight Report
With Tax Day approaching on April 18 and Congress considering tax reform, Senator Jeff Flake (R-AZ) has released an oversight report, Tax Rackets...
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Looming Debt Limit Debate Offers Opportunity for Meaningful Reform
The debt limit was quietly reinstated on March 16. The budget deal in November 2015 suspended the debt limit through March 15, 2017, and reinstated...
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Johnson and Larson Show Two Ways to Fix Social Security
Yesterday, House Ways and Means Social Security Subcommittee Ranking Member John Larson (D-CT) introduced a Social Security reform bill. About four...
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How High Will Debt Rise If Current Policy Continues?
The Congressional Budget Office's (CBO) 2017 Long-Term Budget Outlook shows today's high debt will nearly double as a share of Gross Domestic Product...
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Rudolph Penner: Washington’s New Definition Of Budget Success
Dr. Rudolph Penner was the director of the Congressional Budget Office from 1983 to 1987, and he is an Institute Fellow at the Urban Institute and a...
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TRUSTGO: To Fix the Debt, Start By Making Trust Funds Solvent
Last week, we showed that today's post-war era record-high debt is slated to double as a share of the economy over the next three decades, while four...
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CBO Releases 2017 Long-Term Budget Outlook
Today the Congressional Budget Office (CBO) released their latest Long-Term Budget Outlook, extending the agency's budget projections for the next 30...
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Does AHCA Make Tax Reform Easier?
Much of the news coverage on the interplay between health care and tax reform claims the failure to pass the American Health Care Act (AHCA) makes tax...
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JCT Estimates Record $1.6 Trillion in Tax Breaks in 2017
The Joint Committee on Taxation (JCT) released a new estimate earlier this year for the cost of tax expenditures over the years 2016-2020. In total...