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.
Addressing Common Claims About the Budget Deal
The President and Congressional leaders announced a plan to raise the caps on discretionary spending by $322 billion for Fiscal Years (FY) 2020 and...
Budget Deal's Offsets Don't Even Cover The Interest
President Trump and leaders in Congress announced a deal this week to increase caps on discretionary spending by $169 billion in 2020 and $153 billion...
Ways and Means to Hold Hearing on Social Security 2100 Act
The House Ways and Means Committee will hold a hearing on Social Security Subcommittee Chairman John Larson’s (D-CT) Social Security 2100 Act (SS2100)...
Five Reasons to Oppose the Budget Deal
Congressional leaders and the President announced a proposed budget deal yesterday to raise the caps on discretionary spending for Fiscal Years (FY)...
Proposed Budget Agreement Could Cost $1.7 Trillion
Update: A Congressional Budget Office (CBO) score of the deal shows that the offsets are $55 billion rather than $77 billion as reported in the press...
Watch: What Should We Do About the Zombie Tax Extenders?
The Committee for a Responsible Federal Budget hosted a lunch and panel discussion on What Should We Do About the Zombie Tax Extenders? The...
Ways and Means Tax Package Could Cost Over $900 Billion Now
Last month, the House Ways and Means Committee approved a tax package that would revive and extend several tax extenders through 2020 and dramatically...
Maya MacGuineas: No budget. On the brink of default. It's a hell of a way to run a country.
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...
CBO's Long-Term Debt Outlook Improved Slightly from Last Year, Here's Why
In its latest Long-Term Budget Outlook, the Congressional Budget Office (CBO) projects debt held by the public will rise from over 78 percent of Gross...
Are There $1.6 Trillion in Tax Loopholes?
Former Vice President and 2020 presidential candidate Joe Biden told the Rainbow PUSH Coalition Convention on June 28 that the tax code contains $1.6...
New Pension Bill Adds Too Much to the Debt
The House Ways and Means Committee is considering pension reform legislation that CBO estimates will add $ 64 billion to deficits over the next ten...
Gene Steuerle: Alice Rivlin: The George Washington of the Congressional Budget Office
Alice Rivlin, who passed away on May 14, was among the greatest public servants of the modern era.