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.
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How Much Would a Payroll Tax Holiday Cost?
Update 8/20/19: While speaking in the Oval Office, President Trump confirmed that a payroll tax cut and indexing capital gains were under discussion...
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Where Does the Budget Stand Compared to Historical Averages?
Recently, there has been a lot of discussion over whether the country has a revenue problem or a spending problem. While there is no way to...
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Was a "No" Vote on the Budget Deal a Vote for "More Spending"?
In support of the $1.7 trillion Bipartisan Budget Act of 2019 (BBA19), Senator David Perdue (R-GA) gave a floor speech and penned an op-ed arguing...
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Senate Finance Prescription Drug Bill Would Reduce Deficits by $100 Billion
The Senate Finance Committee recently approved by a 19-9 vote a prescription drug bill, the Prescription Drug Pricing Reduction Act, that the...
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Even With Lower Interest Rates, Debt Remains Unsustainable
With the Federal Reserve today announcing a 0.25 percentage point decrease in the federal funds rate, it appears interest rates will remain lower than...
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Recent Fiscal Irresponsibility Will Double Deficits
As deficits are expected to climb above $1 trillion in the coming years, it's worth noting that tax cuts and spending hikes passed just in the past...
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President Trump’s $4 Trillion Debt Increase
If the recent budget deal is signed into law, it will be the third major piece of deficit-financed legislation in President Trump's term. In total, we...
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Addressing Common Claims About the Budget Deal
The President and Congressional leaders announced a plan to raise the caps on discretionary spending by $322 billion for Fiscal Years (FY) 2020 and...
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Budget Deal's Offsets Don't Even Cover The Interest
President Trump and leaders in Congress announced a deal this week to increase caps on discretionary spending by $169 billion in 2020 and $153 billion...
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Ways and Means to Hold Hearing on Social Security 2100 Act
The House Ways and Means Committee will hold a hearing on Social Security Subcommittee Chairman John Larson’s (D-CT) Social Security 2100 Act (SS2100)...
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Five Reasons to Oppose the Budget Deal
Congressional leaders and the President announced a proposed budget deal yesterday to raise the caps on discretionary spending for Fiscal Years (FY)...
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Proposed Budget Agreement Could Cost $1.7 Trillion
Update: A Congressional Budget Office (CBO) score of the deal shows that the offsets are $55 billion rather than $77 billion as reported in the press...