Committee for a Responsible Federal Budget
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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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True Cost of Budget Plan Could Exceed $5 Trillion

The Senate may soon move forward on reconciliation instructions to allow for the enactment of $3.5 trillion in new spending and tax breaks (on top of...
Jul 8, 2021

Maya MacGuineas on Fox Business Discussing the Growing National Debt

Committee for a Responsible Federal Budget President Maya MacGuineas joined “Mornings with Maria" on Fox Business to discuss the status of COVID...
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Jul 7, 2021 | Taxes

There is No Such Thing as Progressive SALT Cap Relief

  According to media reports, Congress is considering reforming, rather than repealing, the $10,000 cap on the deduction for State and Local...
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Jul 6, 2021 | Taxes

Republican and Democratic Presidents Support Reducing the Tax Gap

One of the most fair and efficient ways for policymakers to raise revenue would be to close some portion of the “tax gap," or the difference...
Jul 6, 2021 | Other Spending

How Long Before Cancelled Student Debt Would Return?

Federal student loan borrowers currently owe $1.6 trillion of student debt to the federal government. Cancelling some or all debt for current...
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Jul 1, 2021 | Budgets & Projections

CBO Releases July 2021 Budget and Economic Outlook

The Congressional Budget Office (CBO) just released its updated Budget and Economic Outlook, accounting for enactment of the American...
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Jun 30, 2021 | Taxes

Group of Senators Introduce Bill to Narrow the Tax Gap

Last month, Senator Angus King (I-ME), along with Senators Sherrod Brown (D-OH) and Tim Kaine (D-VA), introduced the Stop Corporations and High...
Jun 29, 2021 | Budgets & Projections

Kerrey and Danforth Sound the Alarm on Long-Term Debt

Former Senators Bob Kerrey (D-NE) and John C. Danforth (R-MO) recently published an op-ed in the Wall Street Journal highlighting the need to...
Jun 23, 2021 | Other Spending

Over Half of States Ending Federal Unemployment Benefits Early

Twenty-six states have announced that they are ending the expanded federal unemployment benefits in the American Rescue Plan prior to their...
Jun 22, 2021 | Health Care

Bipartisan Policy Center Highlights Need for Medicare Trust Fund Solutions

With just five years until the Medicare Hospital Insurance (HI) trust fund faces insolvency, lawmakers must address the trust fund's $515 billion net...

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