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.
Comparing the Latest House and Senate Tax Bills by Provision
In broad fiscal terms, the House and Senate tax bills are very similar. Both plans would cost more than $1.4 trillion over ten years on paper while...
Leon Panetta: Blowing Up the Debt is a Threat to America
As the tax bills under consideration by the Congress make clear, the congressional budget process is badly broken — and there’s no longer any pretense...
Dynamic Scoring Confirms: House or Senate Tax Bills Would Still Add to Debt
As more dynamic estimates of the Tax Cuts and Jobs Act (TCJA) are released, they all confirm that tax cuts do not pay for themselves. Because both the...
Leon Panetta and Other Former Defense Secretaries: Debt-Increasing Tax Bill Threatens National Security
An open letter to Congressional leaders from Leon Panetta, Ash Carter and Chuck Hagel.
New Senate Tax Bill Cuts Less Than $3.7 Trillion of Tax Breaks
One of the main goals for tax reform has been to follow the mantra of "broaden the base, lower rates." Yet despite over $18 trillion of tax...
New Senate Tax Bill Hides Over $500 Billion of Gimmicks
NOTE: This is an old version of this analysis based on a version of the bill considered by the Senate Finance Committee. The bill was later modified...
Checking the Facts on the Steve Forbes-Maya MacGuineas Tax Discussion
On Mornings With Maria, publisher and former presidential candidate Steve Forbes made several claims about tax cuts and economic growth during a...
Senate Tax Bill Could Add $1.8 Trillion to Debt
The Senate version of the Tax Cuts and Jobs Act (TCJA) is estimated to increase deficits by $1.5 trillion over ten years. However, even this cost does...
The Good, the Bad, and the Ugly of the Senate Tax Bill
Senate Finance Committee Chairman Orrin Hatch (R-UT) has released his Chairman's Mark of the Tax Cuts and Jobs Act, a Senate version of the House's...
Both House and Senate Tax Bills Carry Substantial Costs
According to the Joint Committee on Taxation (JCT), the Senate version of the Tax Cuts and Jobs Act (TCJA) will add $1.5 trillion to the debt before...
Under Dynamic Scoring, House Tax Bill Still Explodes the Debt
Note: this blog has been updated to reflect the Tax Foundation's corrected growth and revenue numbers. Recent dynamic estimates of the Tax Cuts and...
The Tax Cuts and Jobs Act Doesn't Comply with the Byrd Rule
While the Tax Cuts and Jobs Act (TCJA) under consideration in the House would satisfy reconciliation instructions requiring it add no more than $1.5...