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.
Comparing the Two Versions of the Tax Cuts and Jobs Act Headed to Conference
The House and Senate have each passed their own version of the Tax Cuts and Jobs Act, and lawmakers from each chamber will have to iron out the...
Senate Tax Bill Could Ultimately Cost Up to $2 Trillion
The final Senate version of the Tax Cuts and Jobs Act (TCJA) would cost $1.45 trillion under conventional scoring and over $1 trillion on a dynamic...
No Estimate Shows Tax Bills Would Pay For Themselves
The Joint Committee on Taxation (JCT) released an official dynamic estimate of the Tax Cuts and Jobs Act (TCJA) yesterday as reported by the Senate...
Official Dynamic Score Shows Senate Tax Bill Will Still Cost Over $1 Trillion
The Joint Committee on Taxation (JCT) has released its official dynamic score of the Senate tax plan as passed by the Senate Finance Committee...
December Legislation Could Bring Back Trillion-Dollar Deficits
Congress has a lot on its plate this holiday season. Sadly, they seem far more focused on legislation to increase our post-war record-high national...
Five Ways to Improve the Senate Tax Bill
The current Senate version of the Tax Cuts and Jobs Act (TCJA) would add too much to the debt, but several improvements could make the bill both more...
Alan Simpson and Erskine Bowles: A Moment of Truth for our Country’s Financial Future
Alan Simpson is a former Republican senator from Wyoming. Erskine Bowles served as chief of staff to President Bill Clinton from 1997 to 1998. They co...
Tax Policy Center Dynamically Scores House Tax Bill
The Tax Policy Center (TPC) today released a new dynamic analysis of the House-passed Tax Cuts and Jobs Act (TCJA), adding more proof that tax cuts...
Gene Steuerle: A Debt Straightjacket or a Misdiagnosed Disease?
Noting rising public and private debt across the developed world, International Economy magazine asked a group of economists, including me, “Has the...
Comparing the Latest House and Senate Tax Bills by Provision
In broad fiscal terms, the House and Senate tax bills are very similar. Both plans would cost more than $1.4 trillion over ten years on paper while...
Leon Panetta: Blowing Up the Debt is a Threat to America
As the tax bills under consideration by the Congress make clear, the congressional budget process is badly broken — and there’s no longer any pretense...
Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt
As more dynamic estimates of the Tax Cuts and Jobs Act (TCJA) are released, they all confirm that tax cuts do not pay for themselves. Because both the...