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.
2024 Budget Bash Reception: Celebrating Our Commitment to Fiscal Responsibility
On Wednesday, September 18, the Committee for a Responsible Federal Budget hosted our annual reception at the Observatory at America's Square. The...
Bipartisan Fiscal Forum Discusses Debt on House Floor
Members of the Bipartisan Fiscal Forum (BFF) spoke yesterday on the House of Representatives floor to highlight the danger posed by our mounting...
Donald Trump’s Proposal to End Taxes on Overtime
Former President Donald Trump recently proposed eliminating taxes on overtime pay. On a static basis, we estimate ending taxes on all overtime pay...
Mitch Daniels: ‘The Day the Dollar Died’ is coming. What’s the plan?
Mitch Daniels is the president emeritus of Purdue University, a former governor of Indiana, a former director of the Office of Management and Budget...
House to Vote on Emissions Rule Repeal
The House of Representatives is expected to vote this week on a joint resolution to disapprove a rule finalized by the Environmental Protection Agency...
Improper Payments Cost the Government Billions
Improper payments made by the federal government totaled $236 billion in Fiscal Year (FY) 2023, according to testimony from the Government...
Repealing the WEP/GPO Provision Leads to Larger Deficits and Earlier Insolvency
Members of Congress recently filed a discharge petition on a bill to repeal Social Security’s Windfall Elimination Provision (WEP) and Government...
IRS Cuts Would Cause $66 Billion of Revenue Loss
The continuing resolution recently introduced in the House of Representatives would extend the $20.2 billion in rescissions to the Internal Revenue...
The 12-Month Rolling Deficit Totals $2.1 Trillion in August 2024
From September 2023 through August 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office (CBO...
How Big is the Tax Gap?
The Senate Finance Committee will hold a hearing on September 12 on tax avoidance and how it relates to the upcoming debate on extending the expiring...
Donald Trump’s Proposal to Lower the Corporate Tax Rate to 15%
President Trump recently proposed lowering the corporate tax rate from 21 to 15 percent for corporations that make their products in America. Under...
$16,500 Cut Awaits Retirees if Social Security Isn't Reformed
Former President Donald Trump and Vice President Kamala Harris have both said they would “protect” the Social Security program. However, neither has...