PAYGO & CUTGO
Latest
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Yes, Tax Cuts Increase the Debt
Read moreWith Congress set to retroactively revive the tax extenders for the past year at a cost of $42 billion, our president, Maya MacGuineas, published a...
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Tax Extenders Deal Violates the Budget Act, Adds to Debt
Read moreThe House approved last night a deficit-increasing one-year tax extenders package. After a correction by the Joint Committee on Taxation, the updated...
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The Worst Lame Duck Ideas That Can Add $1.5 Trillion to the Debt
Read morePolicymakers are considering using the lame duck session to substantially worsen the nation's budget. A commonly discussed package would add...
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Congress Must Abide by PAYGO for Upcoming Legislation
Read moreCongress returns from its July 4th recess this week, and it will have plenty of work to do. Most pressing is the looming insolvency of the Highway...
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Repatriation Tax Holiday Doesn't Work As a Highway Trust Fund Offset
Read moreWith the Highway Trust Fund (HTF) running low and the threat of disrupting highway construction later this summer, lawmakers are scrambling to come up...
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Senate Moves Forward on Increasing Deficit with Tax Extenders
Read moreThe Senate is moving forward with tax extenders legislation, renewing a variety of breaks that expired at the end of last year for research, small...
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Adding "TRUSTGO" to PAYGO Would Improve the Debt Situation
Read moreWe have always have been proponents of paying for the costs of policies such as the tax extenders and doc fixes, since doing so would make a...
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President's Advisors Recommend Veto of Unoffset Tax Bill
Read moreThe White House issued a Statement of Administration Policy (SAP) yesterday in opposition to the extension and expansion of the Research &...
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Understanding the Difference Between Temporary and Permanent in Budget Scoring
Read moreThis week, Congress will continue to deliberate if and how to continue the “ tax extenders” which expired at the end of 2013. In doing so, both the...
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Lawmakers Must Abide by PAYGO...Here's Why
Read moreIn recent weeks, we've used our blog to call for strict adherence to pay-as-you-go (PAYGO) principles for extending emergency unemployment benefits...
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A Special 10/40
Read moreIn the spirit of Tax Day today the Bottom Line presents its own special “10/40” (don’t worry; we aren’t filing this with the IRS). Just saying the...
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Sen. Franken Introduces Measure to Pay for Future Wars
Read moreToday, Sen. Al Franken (D-MN) introduced legislation to require Congress to offset war costs with other tax or spending changes. The bill, the Pay for...