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.
Heritage Foundation Releases 2022 Budget Blueprint
The Heritage Foundation recently released their 2022 Budget Blueprint, a list of over 200 specific policy proposals that would “roll back excessive...
Did President Biden Reduce the Deficit by $1 Trillion?
In his first State of the Union address, President Joe Biden stated that he would be "the only president ever to cut the deficit by more than one...
Cancelling Student Debt Would Add to Inflation
Lawmakers and advocates have loudened their calls to cancel student loan debt before the current re-payment moratorium ends on May 1st. Given the...
The 2021 U.S. Economy in Ten Charts
2021 was a unique year in economic history. Assisted by new COVID vaccines, accommodative monetary policy, and trillions of fiscal stimulus, the US...
Maya MacGuineas: Say no to a gas tax holiday
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...
Bipartisan House Group Sends Letter Calling for Budget Reforms
Today, a bipartisan group of 24 members of the House of Representatives sent a letter to House leadership calling for the inclusion of budget process...
Event Recap: Trust Fund Solutions
On February 17, Senators Angus King (I-ME) and Mitt Romney (R-UT) joined the Committee for a Responsible Federal Budget and panel of experts to...
Gas Tax Holiday Would Cost $20 Billion
This week, a group of senators introduced legislation to suspend the federal gas tax through December 2022 amid rising inflation. We estimate the...
How Would Higher Interest Rates Affect Interest Payments?
Interest on the national debt is projected to be the fastest growing part of the federal budget. We estimate, based on the Congressional Budget Office...
Senate Finance Subcommittee Holds Hearing on the Medicare Trust Fund
The Senate Finance Committee's Fiscal Responsibility and Economic Growth Subcommittee held a hearing on February 2, 2022, regarding the Medicare...
Ten Options to Secure the Social Security Trust Fund
The Social Security trust funds are expected to be insolvent by 2033 according to the Congressional Budget Office (CBO) and by 2035 according to the...
Ten Options to Secure the Highway Trust Fund
Accounting for the enactment of the bipartisan infrastructure law (formally, the Infrastructure Investment and Jobs Act), we estimate the Highway...