Committee for a Responsible Federal Budget
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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.
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Sep 9, 2021 | Taxes

Closing the Stepped-Up Basis Loophole

Reconciliation should not add a penny to the national debt. As lawmakers work to craft a package with $3.5 trillion of new spending and tax...
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FY 2022 Reconciliation Tracker

Last Updated: 9/20/2021 Budget reconciliation is underway (read more about the full process here), with House and Senate lawmakers crafting a...
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Sep 7, 2021 | Budgets & Projections

Representatives Murphy and Cuellar Push for Fiscally Responsible Reconciliation

Representatives Stephanie Murphy (D-FL) and Henry Cuellar (D-TX) recently sent a letter to House majority leadership outlining principles for the...
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Biden Administration’s SNAP Increase Could Add $180 Billion to Deficits

The U.S. Department of Agriculture (USDA) recently announced it will be revising the Thrifty Food Plan (TFP), used for the calculation of...

Event Recap: What's Going on With the Social Security and Medicare Trust Funds?

On September 1, the Committee for a Responsible Federal Budget hosted “What’s Going on With the Social Security and Medicare Trust Funds.” The event...
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Sep 2, 2021 | Taxes

CBO Estimates $120 Billion from IRS Funding Boost

Today, the Congressional Budget Office (CBO) published an estimate of the revenue effects of President Biden’s proposal to increase Internal Revenue...

Trustees: Social Security & Medicare Approaching Insolvency

The Social Security (our analysis here) and Medicare (our analysis here) Trustees just released their annual reports for 2021 on the...
Aug 17, 2021 | Budgets & Projections

Comparing the Cost of Build Back Better to Other Recent Legislation

Lawmakers are preparing to consider both portions of President Biden's Build Back Better agenda – the Senate-passed bipartisan infrastructure bill...
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It’s Time to Wind Down the Student Loan Moratorium

The Biden administration recently extended the federal student loan moratorium through January 2022. Under the moratorium, most federal student...
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Aug 12, 2021 | Budgets & Projections

The Budgetary Implications of the Senate Budget Resolution

The recently released fiscal year (FY) 2022 Senate budget resolution provides reconciliation instructions allowing for deficit increases of up to $1....

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