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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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Jul 31, 2019 | Budgets & Projections

Even With Lower Interest Rates, Debt Remains Unsustainable

With the Federal Reserve today announcing a 0.25 percentage point decrease in the federal funds rate, it appears interest rates will remain...
Jul 31, 2019 | Budgets & Projections

Recent Fiscal Irresponsibility Will Double Deficits

As deficits are expected to climb above $1 trillion in the coming years, it's worth noting that tax cuts and spending hikes passed just in the...
Donald Trump
Jul 25, 2019 | Budgets & Projections

President Trump’s $4 Trillion Debt Increase

If the recent budget deal is signed into law, it will be the third major piece of deficit-financed legislation in President Trump's term. In...
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Addressing Common Claims About the Budget Deal

The President and Congressional leaders announced a plan to raise the caps on discretionary spending by $322 billion for Fiscal Years (FY) 2020...

Budget Deal's Offsets Don't Even Cover The Interest

President Trump and leaders in Congress announced a deal this week to increase caps on discretionary spending by $169 billion in 2020 and $153...
Jul 24, 2019 | Social Security

Ways and Means to Hold Hearing on Social Security 2100 Act

The House Ways and Means Committee will hold a hearing on Social Security Subcommittee Chairman John Larson’s (D-CT) Social Security 2100 Act (SS2100...

Five Reasons to Oppose the Budget Deal

Congressional leaders and the President announced a proposed budget deal yesterday to raise the caps on discretionary spending for Fiscal Years (FY)...

Proposed Budget Agreement Could Cost $1.7 Trillion

Update: A Congressional Budget Office (CBO) score of the deal shows that the offsets are $55 billion rather than $77 billion as reported in the press...
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Jul 19, 2019 | Taxes

Watch: What Should We Do About the Zombie Tax Extenders?

The Committee for a Responsible Federal Budget hosted a lunch and panel discussion on What Should We Do About the Zombie Tax Extenders?  The...
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Jul 18, 2019 | Taxes

Ways and Means Tax Package Could Cost Over $900 Billion Now

Last month, the House Ways and Means Committee approved a tax package that would revive and extend several tax extenders through 2020 and...

Maya MacGuineas: No budget. On the brink of default. It's a hell of a way to run a country.

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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Jul 12, 2019 | Budgets & Projections

CBO's Long-Term Debt Outlook Improved Slightly from Last Year, Here's Why

In its latest Long-Term Budget Outlook, the Congressional Budget Office (CBO) projects debt held by the public will rise from over 78 percent of...
Jul 10, 2019 | Taxes

Are There $1.6 Trillion in Tax Loopholes?

Former Vice President and 2020 presidential candidate Joe Biden told the Rainbow PUSH Coalition Convention on June 28 that the tax code contains $1.6...
Jul 10, 2019 | Other Spending

New Pension Bill Adds Too Much to the Debt

The House Ways and Means Committee is considering pension reform legislation that CBO estimates will add $64 billion to deficits over the...
Jul 1, 2019 | Budgets & Projections

Gene Steuerle: Alice Rivlin: The George Washington of the Congressional Budget Office

Dr. Eugene (Gene) Steuerle is an Institute fellow and the Richard B. Fisher chair at the Urban Institute and a member of the Committee for a...
Jul 1, 2019 | Budgets & Projections

Saving Social Security and Medicare Could Help Fix the Debt

The Congressional Budget Office's (CBO) Long-Term Budget Outlook shows debt rising continuously as a share of the economy over the next 30 years and...
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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...
taxes
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...

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