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.
Event Recap: Tax Gap Myths and Facts: A Conversation with Natasha Sarin
On October 26, the Committee for a Responsible Federal Budget hosted “Tax Gap Myths and Facts: A Conversation with Natasha Sarin.” The virtual event...
What's in the Latest Build Back Better Framework?
We have published an full estimate of the House's Build Back Better Act based on CBO's scores of the bill here. The White House has announced an...
Could Reconciliation Deliver a Tax Cut to the Rich?
Note: This analysis was updated for new data and details on October 29, 2021. See the updated analysis here. While much of the discussion surrounding...
Maya MacGuineas: Reconciliation can work if Congress sets priorities and cuts the games
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
SALT Cap Repeal Does Not Belong in Build Back Better
Press reports suggest lawmakers are considering adding a two-year repeal of the cap on the deduction for state and local taxes (SALT) to their Build...
House Child Care Plan Cost Could Double If Made Permanent
As lawmakers discuss making numerous parts of the Build Back Better plan expire early, at least one part of the House bill — the expanded child care...
Treasury: 2021 Deficit Was $2.8 Trillion
The Treasury Department released its final Monthly Treasury Statement for Fiscal Year (FY) 2021, showing a $2.8 trillion deficit for the year and debt...
House ACA Plan Will Cost Almost $600 Billion and Cover 4 Million People, CBO Finds
The Congressional Budget Office (CBO) this week released estimates for the health care coverage provisions in the House reconciliation bill. CBO...
BBB Expirations Could Hide $1 to $2 Trillion of True Costs
As negotiations over President Biden’s Build Back Better reconciliation package continue, lawmakers are reportedly considering an extension of the...
Former IRS Commissioner Urges Congress to Expand Information Banks Report to the IRS
Former Internal Revenue Service (IRS) Commissioner Charles O. Rossotti, who served under Presidents Clinton and Bush, recently published an op-ed in...
Event Recap: Tax Policy in the Build Back Better Act
On September 29, the Committee for a Responsible Federal Budget hosted “Tax Policy in the Build Back Better Act.” The event featured a panel of...
Health Savings Can Help Pay for Reconciliation
Policymakers are continuing to negotiate the "Build Back Better Act" reconciliation package and the overall size and scope of both the tax and...