Aug 4, 2021 | Other Spending
Appropriations Watch: FY 2022
Congress started marking up individual appropriations bills for Fiscal Year (FY) 2022 in June. Discretionary spending levels are no...
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.
Aug 4, 2021 | Other Spending
Breaking Down $800 Billion in Economic Impact Payments
The Internal Revenue Service (IRS) recently published summary statistics for the three rounds of ...
Aug 3, 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...
Comparing the True Costs of Build Back Better and the TCJA
The bipartisan Infrastructure Investment and Jobs Act and the forthcoming budget reconciliation bill – together making up the core of the "Build...
Aug 3, 2021 | Budgets & Projections
How Much Could Build Back Better Add to the Debt?
While we do not have all the estimates for the bipartisan Infrastructure Investment and Jobs Act and details of the...
Jul 30, 2021 | Budget Process
Fiscal State of the Nation Introduced in the Senate and House
Senators Kyrsten Sinema (D-AZ), Joni Ernst (R-IA), Angus King (I-ME),...
Jul 29, 2021 | Other Spending
Appropriations Watch: FY 2021
Updated 7/29/2021: The House passed an emergency supplemental appropriations measure of $1.9 billion, intended to to address security concerns at the...
Policymakers Shouldn't Attach More Borrowing to a Debt Ceiling Increase
The debt ceiling, or the statutory limit on the total...
Jul 29, 2021 | Other Spending
What's in the Bipartisan Infrastructure Investment and Jobs Act?
UPDATE 8/4: We have updated this summary to include revised costs our estimates of proposed offsets based on a factsheet from the...
Jul 28, 2021 | Budgets & Projections
Trust Fund Solutions Would Be Pro-Growth
In our recent paper “The Case for Trust Fund Solutions,” we showed that...
Jul 26, 2021 | Health Care
Two Ways to Reduce Prescription Drug Costs
High and rising prescription drug costs are contributing to the budgetary pressure faced by the federal government. Also, a significant...
Jul 22, 2021 | Budget Process
Kent Conrad: Congress should reinstate the 'Conrad Rule' to prevent abuse of budget reconciliation
Kent Conrad is a former senator from North Dakota, a former Chairman of the Senate Budget Committee, and a member of the Committee for a...
True Cost of Budget Plan Could Exceed $5 Trillion
The Senate may soon move forward on reconciliation instructions to allow for the...
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...
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...
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...
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...
