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.
Interest Costs Could Explode from High Rates and More Debt
Interest costs are projected to approach $1 trillion this year, nearly triple 2020 levels. In light of current interest rates and the ongoing...
House Bill Would Put 3% Deficit Far Out of Reach
Treasury Secretary Scott Bessent has frequently discussed the importance of reducing annual deficits to 3 percent of Gross Domestic Product (GDP) –...
Reconciliation Bill Sets up $4.8 Trillion Fiscal Cliff in 2028
As written, the reconciliation bill being considered in the House of Representatives is set to increase the debt by $3.3 trillion between 2025 and...
America’s Truss Moment?
As the House considers a reconciliation package that is shaping up to add $3.3 trillion to the debt over a decade as written – or $5.2 trillion if...
Maya MacGuineas on CBS News' "America Decides"
Committee for a Responsible Federal Budget President Maya MacGuineas recently joined CBS News' "America Decides" with host Major Garrett to discuss...
House Reconciliation Bill Would Massively Increase Near-Term Deficits
The House is continuing to mark up its reconciliation legislation, which we estimate would add $3.3 trillion to the debt including interest or $5.2...
Adding Up the House Reconciliation Bill
Update (5/21/2025): CBO released a score of all titles but not a full cost estimate with interactions; our analysis of that score is here . The...
Further SALT Relief Would Be a Mistake
The House reconciliation bill extends the cap on the state and local tax (SALT) deduction, raising it to $30,000 for taxpayers making less than $400...
Permanent Ways & Means Bill Could Add $5.3 Trillion to Deficits
The House Ways & Means Committee is set to mark up its title of the Fiscal Year (FY) 2025 reconciliation bill on Tuesday. The Joint Committee on...
Energy & Commerce Draft Would Help Limit Medicaid Gaming
The House Energy & Commerce (E&C) Committee recently released its proposed reconciliation legislation, which is expected to save over $900 billion...
Ways & Means Draft Could Add $5 Trillion to Deficits
Update (5/10/2025): This piece was published prior to the Joint Committee on Taxation's revenue estimate , which totals $4.9 trillion for the bill as...
New Site-Neutral Bill Introduced in Senate
Senator John Kennedy (R-LA) introduced the Same Care, Lower Cost Act this week, which would take significant steps toward implementing site-neutral...