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.
Extending TCJA is as Big as Doubling Social Security’s Shortfall
Policymakers are considering an extension of expiring parts of the Tax Cuts and Jobs Act (TCJA) as part of a reconciliation bill, which could reduce...
House Education and Workforce Committee Proposes $349 Billion in Offsets
Yesterday the House Education and Workforce Committee released its part of the House reconciliation package, which would save an estimated $349...
Maya MacGuineas and Samuel T. Sicard: Situation Dire
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and Samuel T. Sicard is president and CEO of First National Bank of...
Unpaid-for Tax Cuts Would Shrink Incomes, CBO Finds
The Congressional Budget Office (CBO) recently found that extending the 2017 Tax Cuts and Jobs Act (TCJA) and adding $1.5 trillion in additional tax...
Experts Push Back on Current Policy Switch
As Congress continues to discuss a compromise budget resolution between the House and Senate, setting the stage for reconciliation, the choice of...
Comparing the House vs. Senate on FY 2025 Reconciliation
The concurrent budget resolution for Fiscal Year (FY) 2025 has been adopted by both the House and Senate. It includes reconciliation instructions that...
Deficits Could Reach $3.5T With Senate Instructions
The concurrent budget resolution for Fiscal Year (FY) 2025, adopted by the House last week and the Senate the week prior, includes reconciliation...
Senate Instructions Could Add $1.1T in Interest Costs
Congress’ concurrent budget resolution includes reconciliation instructions to allow lawmakers to pass a bill that adds a net $5.8 trillion to primary...
Event Recap: Third Annual Health Solutions Summit
On April 3 rd, the Committee for a Responsible Federal Budget hosted its Third Annual Health Solutions Summit at the Royal Sonesta, Capitol Hill. The...
Maya MacGuineas on Bloomberg TV's "Balance of Power"
Committee president Maya MacGuineas recently appeared on Bloomberg TV's "Balance of Power" with hosts Joe Mathieu and Kailey Leinz to discuss the...
Either Reconciliation Approach Would Raise Debt Ceiling With More Borrowing
The reconciliation instructions in the Senate-adopted concurrent budget resolution for Fiscal Year (FY) 2025 would allow for a $4 to $5 trillion debt...
Unpaid-for TCJA Extension Would Shrink the Economy, CBO Says
In a recent long-term analysis, the Congressional Budget Office (CBO) found that extending the 2017 Tax Cuts and Jobs Act (TCJA) would not only...