Dec 11, 2019 | Taxes
Wall Street Journal Editorial Board Takes on Temporary Tax Breaks
The Wall Street Journal editorial board wrote an opinion piece today decrying special interest tax subsidies that may be added to a year-end...
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.
Burchett, Case, and Womack Introduce RAFT Act
One way to begin addressing our unsustainable fiscal situation is to set fiscal goals, which could come in the form of debt targets. A new...
Dec 3, 2019
Support Us on #GivingTuesday
This #GivingTuesday, support the nonpartisan work of the Committee for a Responsible Federal Budget.
Your tax-deductible contribution will...
Dec 3, 2019
Win $5,000 from the Fiscal Fallout Contest
We are now accepting submissions for our Fiscal Fallout Contest, where students are given the opportunity to put a human face on the consequences...
Nov 25, 2019 | Budgets & Projections
Case and Womack Introduce Sustainable Budget Act
Building on bipartisan momentum for addressing our unsustainable fiscal situation, Representative Ed Case (D-HI) and House Budget Committee Ranking...
Nov 22, 2019 | Budget Process
Upcoming Congressional Fiscal Policy Deadlines
Updated 11/22/2019: Congress did not complete action on appropriations before the end of the fiscal year on Sept. 30, although lawmakers enacted...
Nov 22, 2019 | Other Spending
Appropriations Watch: FY 2020
Updated 11/22/2019: Congress did not complete action on appropriations before the end of the fiscal year on Sept. 30. Congress enacted a continuing...
Nov 21, 2019 | Budget Process
Enzi-Whitehouse Budget Process Bill Includes Important Reforms
The Senate Budget Committee recently marked up and reported bipartisan legislation to reform the budget process. The Bipartisan Congressional Budget...
Nov 21, 2019 | Health Care
Watch: Opportunities for Lowering Health Care Costs
On November 21, we hosted a major event on reducing health care costs for families, businesses, and the federal government. The event featured...
Nov 20, 2019
Factchecking and Live-Tweeting the Democratic Presidential Primary Debates
Tonight's Democratic presidential primary debate marks the fifth round of debates of the 2020 campaign and will surely touch on fiscal...
Nov 20, 2019 | Budget Process
PAYGO Tracker: FY 2020
The first rule of getting out of a hole is to stop digging it deeper. Yet with deficits projected to exceed $1 trillion this fiscal...
Nov 18, 2019 | Taxes
2020 Federal Tax Brackets Are Here
The Internal Revenue Service (IRS) has released its tax year 2020 inflation adjustments for more than 60 federal tax provisions. To make these...
Nov 13, 2019 | Budgets & Projections
Mike Murphy: While Congress Makes Budgeting Look Hard, Americans Show How to Do It
Mike Murphy, the Chief of Staff and Director of the Committee for a Responsible Federal Budget's FixUs initiative wrote an op-ed that is...
Nov 7, 2019 | Social Security
Bernie Sanders's Social Security Expansion Act
This is the third policy explainer in our US Budget Watch 2020 series covering the 2020 presidential election. In the coming weeks and months, we...
Nov 1, 2019 | Social Security
Bipartisan Group Introduces TRUST Act
Earlier this week, Senators Mitt Romney (R-UT), Joe Manchin (D-WV), Todd Young (R-IN), Doug Jones (D-AL), and Kyrsten Sinema (D-AZ), alongside...
Oct 28, 2019 | Taxes
Marc Goldwein & Tyler Evilsizer: Moving from a debt-busting tax cut to pro-growth tax reform
Marc Goldwein is the senior vice president and senior policy director at the Committee for a Responsible Federal Budget. Tyler Evilsizer is the...
Oct 25, 2019 | Budgets & Projections
Treasury: 2019 Deficit was $984 Billion
The Treasury Department released final budget numbers for Fiscal Year (FY) 2019 today, showing last year's deficit totaled $984 billion, a $205...
Oct 23, 2019 | Budget Process
The Prevent Government Shutdowns Act Will Not Cost $12.6 Trillion
The Prevent Government Shutdowns Act (PGSA) would establish an automatic continuing resolution (auto-CR) to prevent shutdowns and would put into...
Oct 23, 2019 | Health Care
Could Medicare for All be Financed Entirely by Cutting Defense Spending?
Last week, The New York Times published an op-ed entitled “We Don’t Need to Raise Taxes to Have ‘Medicare for All’.” In it, Lindsay Koshgarian,...
Oct 23, 2019 | Social Security
Why Are CBO and SSA so Far Apart on SS2100?
Both the Social Security Administration's (SSA) chief actuary, and the Congressional Budget Office (CBO) recently released updated estimates of the...
