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.
Eugene Steuerle: Young Americans Can’t Keep Funding Boomers and Beyond
Dr. Eugene (Gene) Steuerle is an Institute fellow and the Richard B. Fisher chair at the Urban Institute, as well as a board member of the Committee...
SALT Cap Expiration Could Be Costly Mistake
Some policymakers have suggested allowing the $10,000 cap on the State and Local Tax (SALT) deduction to expire as scheduled at the end of 2025. We...
Congress Should Strengthen Administrative PAYGO
The Fiscal Responsibility Act (FRA) of 2023 re-established Administrative PAYGO (Pay-As-You-Go) – a rule requiring the executive branch to offset...
What’s Driving Medicaid Spending?
In the Congressional Budget Office’s (CBO) latest budget baseline, the agency revised projections of Medicaid enrollment and outlays for the next...
Interest, Social Security, and Health Responsible for Nearly 90% of Spending Growth
In the latest Congressional Budget Office (CBO) baseline, nominal spending is projected to grow from $6.8 trillion in Fiscal Year (FY) 2024 to $10.3...
The Kamala Harris Proposal to Raise the Corporate Tax Rate to 28%
The campaign for Democratic presidential nominee Vice President Kamala Harris told NBC News today that if elected President, she would seek to raise...
The Kamala Harris Agenda to Lower Costs for American Families
Vice President Kamala Harris released a document today – the Agenda to Lower Costs for American Families – that outlines a number of proposals she...
The Looming Telehealth Flexibilities Deadline
Congress faces a number of deadlines prior to the end of the year, including the question of whether or not to extend Medicare’s flexible telehealth...
Kamala Harris’s Plan to Exempt Tips from Taxes and Raise the Minimum Wage
This past weekend, Vice President Kamala Harris announced that, if elected President, she would seek to exempt tip income from federal income taxes...
12-Month Rolling Deficit Mostly Unchanged After July 2024
The federal budget deficit totaled $1.6 trillion over the 12 months between August of 2023 and July of 2024 based on estimates released today by the...
Donald Trump's Suggestion to End Taxation of Social Security Benefits
Earlier today, former President Donald Trump suggested eliminating the partial income taxation of Social Security benefits, which currently helps fund...
Meeting Fiscal Goals Under CBO’s June 2024 Baseline
It would require nearly $10 trillion of deficit reduction to stabilize debt at its current share of the economy over the next decade, according to the...