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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Treasury: 2021 Deficit Was $2.8 Trillion
The Treasury Department released its final Monthly Treasury Statement for Fiscal Year (FY) 2021, showing a $2.8 trillion deficit for the year and debt...
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House ACA Plan Will Cost Almost $600 Billion and Cover 4 Million People, CBO Finds
The Congressional Budget Office (CBO) this week released estimates for the health care coverage provisions in the House reconciliation bill. CBO...
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BBB Expirations Could Hide $1 to $2 Trillion of True Costs
As negotiations over President Biden’s Build Back Better reconciliation package continue, lawmakers are reportedly considering an extension of the...
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Former IRS Commissioner Urges Congress to Expand Information Banks Report to the IRS
Former Internal Revenue Service (IRS) Commissioner Charles O. Rossotti, who served under Presidents Clinton and Bush, recently published an op-ed in...
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Event Recap: Tax Policy in the Build Back Better Act
On September 29, the Committee for a Responsible Federal Budget hosted “Tax Policy in the Build Back Better Act.” The event featured a panel of...
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Health Savings Can Help Pay for Reconciliation
Policymakers are continuing to negotiate the "Build Back Better Act" reconciliation package and the overall size and scope of both the tax and...
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FY 2022 Reconciliation Tracker
Last Updated: 12/20/2021 Budget reconciliation is underway ( read more about the full process here), with House and Senate lawmakers crafting a...
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Limiting the Cost of Medicare Expansion
As Congress negotiates proposals for Medicare benefit expansions, it should consider ways to limit their costs by either dropping the expansions...
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Reconciliation Unlikely to Produce $600 Billion in Dynamic Revenue
Policymakers are claiming their $3.5 trillion reconciliation package will be fully paid for by counting on $600 billion of dynamic feedback on top of...
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Maya MacGuineas: Mind the (tax) gap: To fund new spending, people should pay the taxes they owe
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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Five Ways to Improve the FY 2022 Reconciliation Package
Congress is attempting to enact a large and ambitious agenda of new programs through the reconciliation process. While President Biden has made the...
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Prevent Government Shutdowns Act of 2021 Introduced in the Senate
Recently, Senators James Lankford (R-OK) and Maggie Hassan (D-NH) introduced the Prevent Government Shutdowns Act of 2021 (PGSA). The bill would...