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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What's In the Inflation Reduction Act?
Update (9/7/2022): The Congressional Budget Office has released an official score of the final version of the Inflation Reduction Act, finding it will...
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Event Recap: Medicare and Inflation
On July 27, the Committee for a Responsible Federal Budget hosted an event on " Medicare and Inflation." The event featured opening remarks from Josh...
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Extending the Student Loan Payment Pause is Bad Policy
Note: (8/30/2022): Since the publication of this blog the Biden Administration announced another four-month extension to the student loan pause...
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CBO Releases July 2022 Long-Term Budget Outlook
The Congressional Budget Office (CBO) just released its July 2022 Long-Term Budget Outlook, its first extended baseline since March 2021. CBO's long...
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Senate Insulin Proposal to Increase Prescription Drug Costs
The Senate may soon vote on the bipartisan Improving Needed Safeguards for Users of Lifesaving Insulin Now (INSULIN) Act, a bill designed to cap...
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CBO Estimates "Chips-Plus" Bill Would Cost $79 billion
The Congressional Budget Office (CBO) has released a cost estimate for H.R. 4346, a “chips-plus” economic competitiveness bill. CBO estimates the...
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WEP/GPO Repeal Would Mean Earlier Insolvency for Social Security
Congress may soon consider legislation to repeal Social Security's Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)...
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Build Your Own Carbon Tax
One way for the federal government to raise new revenue and reduce greenhouse gas emissions would be by putting a price on carbon. A carbon tax could...
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Christopher Towner: Cut debt and tax carbon to help bring down inflation
Chris Towner is research director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for Madison News , an excerpt...
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Reconciliation Criticisms Are Off Base
As possible elements of a deficit-reducing reconciliation agreement have emerged, critics have attacked the plan for increasing recession risk...
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Just How Big Are Federal Interest Payments?
According to the Congressional Budget Office's (CBO) latest baseline, the federal government will spend $400 billion on interest payments on the...
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Reconciliation Could Improve Medicare Solvency
According to press reports, policymakers are considering broadening the base of the 3.8 percent Net Investment Income Tax (NIIT) or self-employment...