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.
Has TCJA Paid For Itself?
In early 2018, following passage of the Tax Cuts and Jobs Act (TCJA), the Congressional Budget Office projected revenue collection would total about...
Trump’s Latest Tariff Plan Could Raise $1.5 Trillion
President Trump has announced that he is planning to impose a 10 percent tariff on all imports from China and a 25 percent tariff on imports from...
CBO Releases January 2025 Budget and Economic Outlook
The Congressional Budget Office (CBO) released its January 2025 Budget and Economic Outlook today, projecting that the national debt remains on an...
Maya MacGuineas on Bloomberg TV's "Wall Street Week"
Committee president Maya MacGuineas recently appeared on Bloomberg TV's "Wall Street Week" to discuss the fiscal situation of the incoming...
CBO’s Medicare Savings Options
Medicare – a federal program that provides health insurance to seniors and some individuals with disabilities – is one of the largest and fastest...
Case and Womack Renew Efforts with the Sustainable Budget Act
Representatives Ed Case (D-HI) and Steve Womack (R-AR) recently reintroduced the Sustainable Budget Act (H.R. 222), which would establish an 18-member...
Deficit Totaled $2.0 Trillion in Calendar Year 2024
The federal budget deficit totaled $2.0 trillion for calendar year 2024, an increase of roughly $200 billion from the Fiscal Year 2024 deficit and...
FY 2025 Reconciliation Resources
The 119th Congress is expected to use the reconciliation process to pass legislation with a significant fiscal impact, such as extending the expiring...
Weakening the SALT Cap Would be a Costly Mistake
According to press reports, policymakers are considering changes to the $10,000 state and local tax (SALT) deduction cap as part of their efforts to...
Putting Numbers to TCJA Dynamic Feedback Estimates
As we have pointed out before, extending the various individual and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) beyond their scheduled...
Upcoming Congressional Fiscal Policy Deadlines
Updated 1/9/2024: The President signed a continuing resolution on December 21, 2024, that runs through March 14, 2025. Lawmakers will need to pass...
CBO’s “Other Mandatory” Savings Options
The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining 76 policy options to reduce the deficit. Most...