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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Oct 15, 2021 | Taxes

Former IRS Commissioner Urges Congress to Expand Information Banks Report to the IRS

Former Internal Revenue Service (IRS) Commissioner Charles O. Rossotti, who served under Presidents Clinton and Bush, recently published an...
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Oct 15, 2021 | Other Spending

Chartbook: Build Back Better for Less

Policymakers are apparently now targeting...
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Oct 12, 2021 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

The next few years will include several predictable fiscal policy deadlines that will force congressional action. Many provisions providing...
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Oct 5, 2021 | Taxes

Event Recap: Tax Policy in the Build Back Better Act

On September 29, the Committee for a Responsible Federal Budget hosted “Tax Policy in the Build Back Better Act.” The event featured a panel of...
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Oct 1, 2021 | Health Care

Health Savings Can Help Pay for Reconciliation

Policymakers are continuing to negotiate the "Build Back Better Act" ...
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Sep 30, 2021 | Other Spending

Appropriations Watch: FY 2022

Updated 09/30/21: The Senate passed a so-called "clean" continuing resolution by a 65-35 vote the afternoon...
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Sep 23, 2021 | Health Care

Limiting the Cost of Medicare Expansion

As Congress negotiates proposals for Medicare benefit expansions, it should consider ways to limit their costs by either ...
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Sep 22, 2021 | Budgets & Projections

Reconciliation Unlikely to Produce $600 Billion in Dynamic Revenue

Policymakers are claiming their $3.5 trillion reconciliation ...
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Sep 22, 2021 | Taxes

Maya MacGuineas: Mind the (tax) gap: To fund new spending, people should pay the taxes they owe

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...
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Sep 21, 2021 | Budgets & Projections| Other Spending

Five Ways to Improve the FY 2022 Reconciliation Package

Congress is attempting to enact a large and ambitious agenda of new programs through the ...
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Sep 20, 2021 | Budget Process

Prevent Government Shutdowns Act of 2021 Introduced in the Senate

Recently, Senators James Lankford (R-OK) and Maggie Hassan (D-NH)...
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Sep 13, 2021 | Budgets & Projections| Budget Process

Better Targeting in Reconciliation

As lawmakers negotiate the details of their reconciliation package,...
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Sep 13, 2021 | Budgets & Projections| Taxes

Ways and Means Proposes $1.3 Trillion of Tax Breaks, $2.3 Trillion of Tax Hikes

UPDATE (9/13/2021): The Joint Committee on Taxation has released a full score...
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Sep 10, 2021 | Taxes

SALT Cap Repeal Would Be a Costly Mistake

Recent reports indicate...
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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 ...
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Sep 8, 2021 | Budgets & Projections| Budget Process

FY 2022 Reconciliation Tracker

Last Updated: 9/27/2021 Budget reconciliation is underway (read more...
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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...
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Sep 3, 2021 | Budgets & Projections| Other Spending

Biden Administration’s SNAP Increase Could Add $180 Billion to Deficits

The U.S. Department of Agriculture (USDA) recently ...
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Sep 3, 2021 | Health Care| Social Security

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...
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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...
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