Committee for a Responsible Federal Budget
Concept_DC_Capitol Building


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.

Jul 14, 2014 | Social Security| Taxes

How Much of a Payroll Tax Increase Would It Take to Fix Social Security?

Around this time of year, the Social Security Trustees usually issue their report on the status of the program over the next 75 years. In...
Jul 11, 2014 | Budgets & Projections

Mid-Session Review Shows Worse Outlook for President's Budget

The Office of Management and Budget (OMB) this afternoon released the Mid-Session Review, updating its budgetary and economic estimates for the...
Jul 11, 2014 | Other Spending

Bipartisan Agreement on Gimmicks to Fund the Highway Trust Fund

Both the House Ways and Means Committee and the Senate Finance Committee approved legislation on Thursday to fund a short-term patch for the...
Jul 11, 2014 | Taxes

Would Bonus Depreciation Grow the Economy and Pay For Itself?

The House passed legislation today to expand and make permanent the bonus depreciation rules that expired at the end of last year. A key argument for...
Jul 10, 2014 | Budgets & Projections

White House Releases Supplemental Immigration Request

The White House this week requested an additional $4.3 billion in discretionary appropriations for the current fiscal year to cover the cost of the...
Jul 9, 2014 | Other Spending| Taxes

Don't Use a Gimmick to Fund Our Highways

The House Ways and Means Committee just published its plan for a short-term fix to the Highway Trust Fund, which needs an additional $8 billion to...
Health Care_Doctor
Jul 9, 2014 | Health Care

Continued Slow Growth for Medicare in 2014

CBO's release of the June Monthly Budget Review (MBR) gives us another data point in what has been an interesting story for Fiscal Year...

Congress Must Abide by PAYGO for Upcoming Legislation

Congress 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...
Jul 8, 2014 | Taxes

CTJ's Options for Raising Revenue

Citizens for Tax Justice released a new report detailing options to raise revenue, which could help lawmakers in their pursuit of tax reform to lower...
Jul 3, 2014

Pension Insurer Expects to Be Out of Funds By 2022

The Pension Benefit Guaranty Corporation (PBGC) put out an annual report this week of its financial status insuring private pensions around the...