Jun 28, 2019 | Budget Process
David Walker: It is time to confront fiscal failure
David Walker is a former Comptroller General of the United States (head of the U.S. Government Accountability Office) and past board member of the...
Blog | June 2019
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.
Jun 27, 2019 | Taxes
Would a 10% VAT Pay for a $1,000 per Month UBI?
During the first 2020 Democratic presidential primary debate, candidate Andrew Yang claimed that his Universal Basic Income (UBI) proposal of $1,000...
Jun 27, 2019
Mike Murphy: The question to ask in 2020
Mike Murphy is the director of the Committee for a Responsible Federal Budget's FixUS initiative. He recently wrote an opinion piece ...
Jun 26, 2019 | Economics
CBO: Fixing the Debt Would Increase Income
Putting debt on a downward path could increase average income by almost $9,000 per person per year, or about 10 percent as compared to continuing on...
Jun 25, 2019 | Economics
Maya MacGuineas: America's Biggest Weakness is No Big Secret
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...
Jun 25, 2019 | Budgets & Projections
CBO Releases 2019 Long-Term Outlook
The Congressional Budget Office (CBO) just released its 2019 Long-Term Outlook, again confirming the budget’s unsustainable long-term trajectory....
Jun 25, 2019 | Taxes
Repealing SALT Caps Would Cost Another $500 Billion
The Ways & Means Subcommittee on Select Revenue Measures is holding two hearings today on limitations to the state and local tax (SALT...
Jun 20, 2019 | Taxes
Tax Extender Package Could Lead to $710 Billion of More Debt
Update 6/24/2019: During markup, the Ways & Means Committee added an amendment further increasing the child tax credit for young children, at an...
Jun 13, 2019 | Health Care
Lawmakers Shouldn't Repeal Cadillac Tax Without Substantial Offsets
A bill to repeal the "Cadillac tax" on high-cost health insurance plans may soon get a vote on the House floor. This tax was an important part of the...
Jun 12, 2019 | Social Security
Event Recap: Disability Policy for the 21st Century
On Thursday, June 6, the Committee for a Responsible Federal Budget and the McCrery-Pomeroy SSDI Solutions Initiative hosted an event on "Disability...