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.
IRS Estimates a $606 Billion Tax Gap for 2022
The Internal Revenue Service (IRS) recently published its projections of the “ tax gap” – the difference between taxes owed to and collected by the...
Tim Penny and Maya MacGuineas: What if they held an election and a budget process broke out?
Tim Penny is co-chair of the Committee for a Responsible Federal Budget and a former representative from Minnesota and Maya MacGuineas is president of...
CBO Estimates Medicare Coverage of Weight-Loss Drugs
In a much-anticipated release, the Congressional Budget Office (CBO) published projections estimating it would cost Medicare an additional $35 billion...
PBM Reform on the Horizon
In recent years, lawmakers have increasingly focused on reforms to Pharmacy Benefit Managers (PBMs) — the intermediaries owned or hired by insurance...
What Would the Trump Campaign Plans Mean for Social Security?
The Trump campaign plans would increase Social Security's ten-year cash shortfall by $2.3 trillion, make the program insolvent by 2031, increase...
House Lawmakers Reintroduce Debt Ceiling Reform Legislation
On September 20, Representatives Scott Peters (D-CA) and Bill Huizenga (R-MI), Co-Chairs of the Bipartisan Fiscal Forum, reintroduced the Responsible...
Bipartisan Group of Lawmakers Introduce Employee Retention Tax Credit Repeal Act
In response to concerns over fraudulent claims over the past few years, Senators Joe Manchin (I-WV), Mitt Romney (R-UT), and Thom Tillis (R-NC)...
Plans to Address TCJA Expirations
UPDATE (October 2024): This piece has been updated for several plans in Peter G. Peterson Foundation’s Solutions Initiative 2024 . With large parts of...
Q: Did Trump Propose Deep Medicare Cuts? A: No
In a recent report, “The Trump-Vance ‘Concept’ on Health Care,” Vice President Kamala Harris’s presidential campaign claims that former President...
Bipartisan Group Urges Congress to Pay for Tax Cut Extension
In a letter to the House Ways and Means Committee, Maya MacGuineas, president of the Committee for a Responsible Federal Budget, joins 10 other budget...
Marc Goldwein Discusses Fiscal Impact of Harris and Trump Campaign Plans on C-SPAN
Committee for a Responsible Federal Budget Senior Vice President & Senior Policy Director Marc Goldwein joined C-SPAN's "Washington Journal" to...
Addressing the Statutory PAYGO Scorecard
There is currently a massive $1.7 trillion balance on the statutory PAYGO scorecard for 2025. Under current law, this balance is slated to trigger a...