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.
Tax Cut Extension Would Only Pay for 1% to 14% of Itself
Several major elements of the 2017 Tax Cuts and Jobs Act (TCJA) are scheduled to expire at the end of 2025. While the estimated cost of extending...
Tax Cut Extensions Are 50% Larger
Extending certain parts of the Tax Cuts & Jobs Act (TCJA) would reduce revenue by $4 trillion through 2034, according to new estimates from the Joint...
Income Growth Would Slow By One-Third Due to Rising Debt
A new report from the Congressional Budget Office (CBO) finds rising national debt will slow economic growth and reduce projected incomes. Compared to...
CMS Finalizes Medicaid Rule Likely to Increase Spending
In a rule finalized at the end of April, the Centers for Medicare and Medicaid Services (CMS) introduced significant changes to financing and...
Maya MacGuineas: The grim future for Medicare and Social Security
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...
Upcoming Congressional Fiscal Policy Deadlines
Updated 5/17/2024: The President signed a multi-year Federal Aviation Administration reauthorization on May 16, following House passage on May 15 and...
How Much will Biden’s Tariffs Raise?
President Biden recently announced increases to a number of tariffs on Chinese imports, including for lithium-ion batteries, electric vehicles, and...
Debt Surges With Extensions
Based on new estimates from the Congressional Budget Office (CBO), debt could reach 132 percent of Gross Domestic Product (GDP) by Fiscal Year (FY)...
Congressionally Approved Ukraine Aid Totals $175 Billion
With the recent passage of the national security supplementals, Congress has now approved nearly $175 billion of aid and military assistance to...
Interest Costs Just Surpassed Defense and Medicare
In the first seven months of Fiscal Year (FY) 2024, spending on net interest has reached $514 billion, surpassing spending on both national defense (...
Event Recap: The Trustees' Reports on the Social Security and Medicare Trust Funds
On May 7, the Committee for a Responsible Federal Budget hosted a virtual event to discuss the status of the Medicare and Social Security Trust Funds...
How Much Would Student Loan “Hardship” Provision Cost?
We recently estimated the President’s new student debt cancellation plan would cost between $250 billion and $750 billion over a decade, and have...