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.
Build Back Better SALT Gains for the Rich Eclipse Child Credit Boost
The current version of the Build Back Better Act under consideration in the House would increase the state and local tax (SALT) deduction cap from $10...
What's in the House's Build Back Better Act?
We have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here. The House is poised to vote this month...
An Update on Build Back Better Offsets
We have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here. Last week, the White House estimated...
$72,500 SALT Cap is Costly and Regressive
The latest version of the Build Back Better Act being considered by the House Rules Committee would increase the state and local tax (SALT) deduction...
State and Local Governments Flush with Cash
The Bureau of Economic Analysis (BEA) recently released data on state and local government spending and receipts in the third quarter of 2021...
5-Year SALT Cap Repeal Would Be Costliest Part of Build Back Better
According to press reports, policymakers are considering adding a five-year repeal of the $10,000 cap on the State and Local Tax (SALT) deduction to...
Build Back Better Visualized
Last week, the White House released a $1.75 trillion framework for the reconciliation bill currently working its way through Congress. When combined...
Reconciliation May Deliver a Tax Cut to the Rich
While much of the discussion surrounding the Build Back Better reconciliation package has focused on tax increases on the rich, the final legislation...
Bank Reporting Can Help Reduce the Tax Gap
The White House has proposed a new framework for the Build Back Better reconciliation package that includes $80 billion of IRS enforcement funding...
Event Recap: Tax Gap Myths and Facts: A Conversation with Natasha Sarin
On October 26, the Committee for a Responsible Federal Budget hosted “Tax Gap Myths and Facts: A Conversation with Natasha Sarin.” The virtual event...
What's in the Latest Build Back Better Framework?
We have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here. The White House has announced an...
Could Reconciliation Deliver a Tax Cut to the Rich?
Note: This analysis was updated for new data and details on October 29, 2021. See the updated analysis here. While much of the discussion surrounding...