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.
Student Debt Plan Would Add Hundreds of Billions to Deficit
The Biden Administration recently announced a new plan to cancel student debt for up to 30 million borrowers and released a preliminary rule this...
2017 Tax Cuts Continue to Lose Revenue
UPDATE (June 2024): This analysis has been updated for CBO's June 2024 baseline update . The Congressional Budget Office (CBO) estimated the Tax Cuts...
Trust Fund Solvency Could Stabilize the Debt
Restoring solvency to the major trust funds could stabilize debt as a share of the economy, albeit at a very high level. We estimate that when dynamic...
Breaking Down the Proposals in the President's FY 2025 Budget
The Biden Administration recently released the President's Fiscal Year (FY) 2025 budget, outlining President Biden's tax and spending priorities for...
Donald Trump’s 60% Tariff on Chinese Imports
Former President and current Republican presidential candidate Donald Trump recently proposed implementing a tariff of 60 percent or higher on imports...
What’s In the House Budget Committee’s FY 2025 Budget Resolution?
The House Budget Committee (HBC) recently released, marked up, and approved its Fiscal Year (FY) 2025 budget resolution. In our press release, the...
Deficit Was $1.7 Trillion Over Past Year
The federal budget deficit totaled $1.7 trillion over the past 12 months, down $142 billion from the 12-month period ending in February and down $37...
Student Debt Cancellation Resources Page
Overview Student debt cancellation has gained attention in recent years as a policy proposal to address rising student debt levels in the United...
Event Recap – When the TCJA Expires: A Tax Policy Summit
On March 28, the Committee for a Responsible Federal Budget hosted When the TCJA Expires: A Tax Policy Summit, an event focusing on the large parts of...
New Interactive Tool: Build Your Own Tax Extensions
With large parts of the 2017 Tax Cuts and Jobs Act (TCJA) set to expire after 2025, policymakers will soon face important choices about the future of...
Spending Cuts in the President's FY 2025 Budget
The President's Fiscal Year (FY) 2025 budget calls for $3.3 trillion of net deficit reduction through 2034, with $6.5 trillion of gross revenue and...
Maya MacGuineas on CNBC's "Squawk Box"
Committee for a Responsible Federal Budget president Maya MacGuineas recently joined CNBC's "Squawk Box" to discuss findings from the Congressional...