Concept_DC_Capitol Building

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.

Concept_DC_Capitol Building
Jul 12, 2019 | Budgets & Projections

CBO's Long-Term Debt Outlook Improved Slightly from Last Year, Here's Why

In its latest Long-Term Budget Outlook, the Congressional Budget Office (CBO) projects debt held by the public will rise from over 78 percent of...
Jul 10, 2019 | Taxes

Are There $1.6 Trillion in Tax Loopholes?

Former Vice President and 2020 presidential candidate Joe Biden told the Rainbow PUSH Coalition Convention on June 28 that the tax code contains $1.6...
Concept_DC_Capitol Building Sunrise
Jul 10, 2019 | Other Spending

Appropriations Watch: FY 2020

Updated 7/10/2019: Press reports indicate the Senate will not proceed with appropriations bills until lawmakers reach a deal with the White House on...
Jul 10, 2019 | Other Spending

New Pension Bill Adds Too Much to the Debt

The House Ways & Means Committee is considering pension reform legislation that CBO estimates will add $64 billion to deficits over the...
Concept_DC_Capitol Building_Money
Jul 9, 2019 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

Updated 7/9/2019: The next two years will include several predictable fiscal policy deadlines that will force congressional action. Many of...
Jul 1, 2019 | Budgets & Projections

Gene Steuerle: Alice Rivlin: The George Washington of the Congressional Budget Office

Dr. Eugene (Gene) Steuerle is an Institute fellow and the Richard B. Fisher chair at the Urban Institute and a member of the Committee for a...
Jul 1, 2019 | Budgets & Projections

Saving Social Security and Medicare Could Help Fix the Debt

The Congressional Budget Office's (CBO) Long-Term Budget Outlook shows debt rising continuously as a share of the economy over the next 30 years and...
Concept_Debt_pennies
Jun 28, 2019 | Budget Process

David Walker: It is time to confront fiscal failure

David Walker is a former Comptroller General of the United States (head of the U.S. Government Accountability Office) and past board member of the...
taxes
Jun 27, 2019 | Taxes

Would a 10% VAT Pay for a $1,000 per Month UBI?

During the first 2020 Democratic presidential primary debate, candidate Andrew Yang claimed that his Universal Basic Income (UBI) proposal of $1,000...
Jun 27, 2019

Mike Murphy: The question to ask in 2020

Mike Murphy is the director of the Committee for a Responsible Federal Budget's FixUS initiative. He recently wrote an opinion piece ...
Jun 26, 2019 | Budgets & Projections

CBO: Fixing the Debt Would Increase Income

Putting debt on a downward path could increase average income by almost $9,000 per person per year, or about 10 percent as compared to continuing on...
Concept_Debate
Jun 26, 2019

Factchecking and Live-Tweeting the Democratic Presidential Primary Debates

Tonight and tomorrow's Democratic presidential primary debates mark the first of the 2020 campaign and will surely touch on fiscal issues. We're...
Jun 25, 2019 | Economics

Maya MacGuineas: America's Biggest Weakness is No Big Secret

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...
Concept_DC_Capitol Building
Jun 25, 2019 | Budgets & Projections

CBO Releases 2019 Long-Term Outlook

The Congressional Budget Office (CBO) just released its 2019 Long-Term Outlook, again confirming the budget’s unsustainable long-term trajectory....
Jun 25, 2019 | Taxes

Repealing SALT Caps Would Cost Another $500 Billion

The Ways & Means Subcommittee on Select Revenue Measures is holding two hearings today on limitations to the state and local tax (SALT...
Debt Clock
Jun 20, 2019 | Taxes

Tax Extender Package Could Lead to $710 Billion of More Debt

Update 6/24/2019: During markup, the Ways & Means Committee added an amendment further increasing the child tax credit for young children, at an...
Concept_Pen and Calculator
Jun 13, 2019 | Health Care

Lawmakers Shouldn't Repeal Cadillac Tax Without Substantial Offsets

A bill to repeal the "Cadillac tax" on high-cost health insurance plans may soon get a vote on the House floor. This tax was an important part of the...
Jun 12, 2019 | Social Security

Event Recap: Disability Policy for the 21st Century

On Thursday, June 6, the Committee for a Responsible Federal Budget and the McCrery-Pomeroy SSDI Solutions Initiative hosted an event on "Disability...
Concept_DC_Capitol Building_Money
Jun 6, 2019 | Budgets & Projections

CBO: Debt Remains Unsustainable With r < g

The national debt is rising at an unsustainable pace. A factor that helps is interest rates currently being lower than the economic growth rate...
Concept_Microphones
Jun 6, 2019 | Social Security

Watch: Disability Policy for the 21st Century

The McCrery-Pomeroy SSDI Solutions Initiative recently hosted a breakfast and panel discussion on Disability Policy for the 21st Century....

Pages