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.
Primer: Understanding the Tax Gap
Note: This is an update of our Tax Gap Primer using the latest available data from the IRS. One of the most fair and efficient ways for policymakers...
Appropriations Watch: FY 2025
Updated 3/19/25: On March 14, the Senate passed a final continuing resolution to extend government funding through the end of the fiscal year, thereby...
A $2 Trillion Cut Compared to $86 Trillion in Spending
The House-adopted Fiscal Year (FY) 2025 budget resolution calls for up to $2 trillion in spending cuts as partial offsets for $4.8 trillion of tax...
Putting the Reconciliation Resolution in Context
The House Fiscal Year (FY) 2025 budget resolution would allow policymakers to add $2.8 trillion to primary deficits through 2034 via a reconciliation...
What's in the House's Full-Year Continuing Resolution?
Update (3/13/2025): This piece has been updated to include an estimate of the Changes in Mandatory Programs (CHIMPs) without outlay savings, which...
Maya MacGuineas on Fox Business’s “Mornings with Maria”
Committee president Maya MacGuineas recently appeared on Fox Business’s “Mornings with Maria” to discuss the House continuing resolution (CR), the...
12-Month Rolling Deficit Rises to $2.2 Trillion in February 2025
The federal budget deficit totaled $2.2 trillion between March 2024 and February 2025 based on estimates from the Congressional Budget Office (CBO)...
House Spending Cuts Would Not Be Largest in History
The House recently adopted its Fiscal Year (FY) 2025 budget resolution, which includes reconciliation instructions allowing a net $2.8 trillion of...
Potential Savings from Shrinking the Federal Workforce
The Trump Administration has called for significant reductions to the federal workforce and has begun the process by laying off a number of federal...
New Estimates Confirm Economic Growth Won’t Pay for Tax Cuts
The latest estimates from third-party modelers confirm what we’ve said several times before: economic growth will not pay for tax cut extensions. New...
“Current Policy Baseline” Gimmick Could Explode the Debt
As the House and Senate work to land on a concurrent budget resolution, Congress may consider trying to measure their reconciliation bills relative to...
Maya MacGuineas: The Drivers of our Debt and the Empty Rhetoric of Politics Today
Maya MacGuineas is president of the Committee for a Responsible Federal Budget. She recently wrote an opinion piece for the Ripon Forum , an excerpt...