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.
Image
Moore v. US Ruling Could Widen Deficits, Upend Tax Law
A pending Supreme Court case, Moore v. United States, could have implications that undermine existing tax law, upend the tax code, and cost the U.S...
Image
CBO: Israel Supplemental Costs $27 billion
The House of Representatives is set to vote on the Israel Security Supplemental Appropriations Act as early as Thursday. This morning, the...
Image
What's in the White House's $56 Billion Domestic Supplemental Request?
Less than a week after requesting $106 billion for national security needs, the Biden Administration submitted to Congress a domestic emergency...
ARCHIVE: Introducing the CRFB Debt Thermometer (2023)
Note: This is an archived version of the initial CRFB Debt Thermometer. For the most recent thermometer, see this page . Fiscal policy has profound...
Image
2023 Revenue Plunge Confirms 2022 Surge Was a Fluke
After surging to 19.3 percent of Gross Domestic Product (GDP) in Fiscal Year (FY) 2022, revenue in 2023 plummeted to 16.5 percent of GDP, according to...
Image
2023 Interest Costs Reach $659 Billion
According to final data from the Treasury Department, net interest costs reached $659 billion (2.5 percent of GDP) in fiscal year 2023, a $184 billion...
Image
What’s in the White House’s $106 Billion Supplemental Request?
The Biden Administration submitted to Congress an emergency supplemental funding request last week totaling nearly $106 billion. The request includes...
Image
IRS Estimates a $625 Billion Tax Gap
The Internal Revenue Service (IRS) recently released a new analysis of the “ tax gap” – the difference between taxes owed to the federal government...
Image
2023 Deficit Hit $1.7 Trillion
The U.S. Department of the Treasury released its final Monthly Treasury Statement for Fiscal Year (FY) 2023, showing a $1.7 trillion deficit for the...
Image
House Site-Neutral Policy Should Save More
House leadership recently introduced the Lower Costs, More Transparency Act, that unifies multiple legislative proposals from the Energy and Commerce...
Image
IRS Rescission Would Worsen Deficits
Rescinding $25 billion of IRS funding would result in the loss of $49 billion in revenue and increase deficits by $24 billion over ten years...
Image
NDAA Includes $150 Billion Deficit-Increasing Program
The Senate-passed National Defense Authorization Act for Fiscal Year (FY) 2024 (NDAA) would increase the deficit by $153 billion over a decade...