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.
The Kamala Harris Proposal to Raise the Corporate Tax Rate to 28%
The campaign for Democratic presidential nominee Vice President Kamala Harris told NBC News today that if elected President, she would seek to raise...
The Kamala Harris Agenda to Lower Costs for American Families
Vice President Kamala Harris released a document today – the Agenda to Lower Costs for American Families – that outlines a number of proposals she...
The Looming Telehealth Flexibilities Deadline
Congress faces a number of deadlines prior to the end of the year, including the question of whether or not to extend Medicare’s flexible telehealth...
Kamala Harris’s Plan to Exempt Tips from Taxes and Raise the Minimum Wage
This past weekend, Vice President Kamala Harris announced that, if elected President, she would seek to exempt tip income from federal income taxes...
12-Month Rolling Deficit Mostly Unchanged After July 2024
The federal budget deficit totaled $1.6 trillion over the 12 months between August of 2023 and July of 2024 based on estimates released today by the...
Donald Trump's Suggestion to End Taxation of Social Security Benefits
Earlier today, former President Donald Trump suggested eliminating the partial income taxation of Social Security benefits, which currently helps fund...
Meeting Fiscal Goals Under CBO’s June 2024 Baseline
It would require nearly $10 trillion of deficit reduction to stabilize debt at its current share of the economy over the next decade, according to the...
Bipartisan Fiscal Forum Leaders Letter Calls to Address Debt
Bipartisan Fiscal Forum co-chairs Rep. Scott Peters (D-CA) and Rep. Bill Huizenga (R-MI) recently led a letter to House Speaker Mike Johnson (R-LA)...
Trump and Biden: Partisan Breakdown of New Debt
In their time in office, both former President Trump and President Biden approved trillions of dollars in new ten-year borrowing both for COVID...
Trump and Biden: Timing of New Debt
In a recent analysis , we estimated that President Trump approved $8.4 trillion of new ten-year borrowing during his term in office, while President...
Tom Tauke: Neither Joe Biden nor Donald Trump seems willing to address the national debt
Tom Tauke is a director at the Committee for a Responsible Federal Budget and former congressman from Iowa. He recently wrote an opinion piece in the...
Pell Grant Shortfall Remains a Threat
Pell Grant costs will exceed new funding over the next decade, based on the latest Congressional Budget Office (CBO) baseline, depleting nearly all...