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.
GAO Recommends Actions to Reduce Tax Gap
The Government Accountability Office (GAO) recently released revised recommendations for the Treasury Department and the Internal Revenue Service (IRS...
Top 10 Fiscal Charts of 2023
Fiscal policy was once again at the forefront of congressional debates in 2023, giving us many opportunities to write about and illustrate the...
Potential Tax Deal Could Cost $830 Billion
UPDATE (January 2024): We have published an updated analysis of this tax deal. You can find the updated analysis here . As Congress nears important...
Talking Debt and Deficits in the GOP Debates
In the first four Presidential primary debates, the GOP candidates have mentioned the deficit or debt a combined 35 times, with former United Nations...
Payroll Taxes Fall Short of Paying for Social Security and Medicare
In a recent New York Times opinion piece which keyed off a recent analysis from Karen Smith and Committee for a Responsible Federal Budget board...
Marc Goldwein and Chris Towner: Social Security Can’t Grow Its Way Out of Trouble
Marc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. Chris Towner is policy director...
Lawmakers Are Mulling Up to $2.3 Trillion in Borrowing
So far, this year, lawmakers have enacted $1.3 trillion of ten-year debt reduction (see our debt thermometer) – the most since 2011. But policies...
Lower Costs, More Transparency Act Passes House
The House of Representatives passed the Lower Costs, More Transparency Act yesterday with a large bipartisan majority. Within the legislation is an...
A Breakdown of Foreign Aid Obligations
With policymakers considering supplemental appropriations for Ukraine, Israel, and other foreign policy needs, many are wondering how much of the...
Can Social Security Be Saved by Selling America’s Oil & Gas Reserves?
In a town hall hosted by Fox News, former President Donald Trump suggested that America’s fiscal problems – and specifically Social Security’s looming...
CBO Scores National Security and Border Bill at $113 Billion
The Senate will soon consider a bill combining President Biden's national security supplemental funding request with border security measures. The...
Vivek Ramaswamy's Proposal to Increase Defense Spending
Vivek Ramaswamy, businessman and current GOP presidential candidate, has proposed increasing spending on national defense to at least 4 percent of...