Committee for a Responsible Federal Budget
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Blog | October 2009

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.
Oct 16, 2009

Say 'Bayh' to the Debt?

This week, Senator Bayh (D-IN) and nine other Democratic senators sent a letter to Senator Harry Reid (D-NV) expressing concern over the size of the...
Oct 16, 2009 | Taxes| Other Spending

Meeting Today of President's Economic Recovery Advisory Board

Today PERAB, otherwise known as the Tax Reform Subcommittee of the President's Economic Recovery Advisory Board, is holding a meeting focusing on tax...
Oct 15, 2009 | Social Security

Administration Proposes One-Time Payment to Seniors

Today, the Social Security Administration (SSA) announced that, in light of the deflation experienced over the past year, there will be no COLA for...
Oct 15, 2009 | Taxes

Vetting the VAT

In a recent op-ed, Henry Aaron and Belle Sawhill argued that a value added tax (VAT) – a tax on consumption imposed piece-wise in various...
Oct 14, 2009 | Taxes

Congress pressured to extend tax credit for homebuyers

Today Congressional Quarterly reported that Congress is feeling pressure to extend the tax credit for homebuyers that was included in the...
Oct 13, 2009 | Health Care

Senate Finance Committee Passes Health Care Bill

 The Senate Finance Committee voted this afternoon 14-9 to pass the America’s Healthy Future Act of 2009 out of Committee. Republican...

What About Cutting Spending?

In their oped in the Washington Post today, Henry Aaron and Isabel Sawhill argue that raising taxes will be necessary to close the fiscal gap and...

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:In an editorial titled, “The Greatest Show on Earth,...
Oct 9, 2009 | Taxes

Coalition Tries to Make a Stimulus Tax Break Permanent

Today, the Congressional Quarterly reported that a coalition of airport authorities, port authorities, and student loan lenders is pushing Congress...