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.
There Are Plenty of Offsets for Infrastructure Package
A bipartisan group of senators has apparently reached agreement on a plan with $579 billion of new infrastructure spending. Meanwhile, President Joe...
What's In the Bipartisan Infrastructure Plan?
UPDATE 8/5: We have published a new summary of the bipartisan Infrastructure Investment and Jobs Act based on a recently published score from the...
Primer: Understanding the Tax Gap
One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap.” The tax gap is the...
President's Budget Would Add More to Debt With Tax Cut Extensions
President Joe Biden's Fiscal Year (FY) 2022 budget includes many significant changes that would add nearly $1.4 trillion to deficits through FY 2031...
House Members Urge the Adoption of a Budget Resolution
On Monday, a group of five Democratic members of the House of Representatives sent a letter to House Speaker Nancy Pelosi (D-CA) calling for increased...
How Much Would the President's Budget Extend Medicare Solvency?
The Medicare Hospital Insurance (HI) trust fund is only five years from insolvency according to both the Congressional Budget Office (CBO) and the...
Senate Finance Committee Hearing Highlights Need to Secure Highway Trust Fund
The Senate Finance Committee held a hearing last month titled “ Funding and Financing Options to Bolster American Infrastructure,” covering the need...
COVID Relief Continues to Bolster Personal Income
New data from the Bureau of Economic Analysis (BEA) for the month of April shows that disposable personal income (DPI) was 12.0 percent above pre...
Maya MacGuineas: Biden's Budget Reflects His Priorities, but Leaves Debt Unchecked
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...
Time is Running Out to Save Social Security
Social Security, the nation's largest and arguably most important government program, is only a few years from insolvency. Economists Jeffrey Brown...
Breaking Down the Proposals in the President's FY 2022 Budget
Last week, the Biden Administration released its first full budget, laying out its proposals for Fiscal Year (FY) 2022 and the subsequent decade. The...
Partial Student Debt Cancellation is Poor Economic Stimulus
Last year, we estimated that fully canceling student debt would produce eight to 23 cents of economic activity for every dollar of cost and speculated...